A financial card that is loaded with a certain amount of money with each purchase amount deducted from the card.
A stored-value card is a credit-card-sized device, implanted with a computer chip, with stored money value. A reloadable stored-value card can be reused by transferring value to it from an automated teller machine or other device. A disposable card cannot be reloaded.
A payment card, similar to a debit card, attached to a limited monetary value, held either in an account by a card issuer, or in an electronic chip embedded within the card. Gift credit cards are a type of stored-value card.
A prepaid card in which the record of funds can be increased as well as reduced. (See also electronic purse.) Systemic risk: Risk associated with the general health or structure of the financial system. Almost invariably discussed in terms of the system's inability to handle large quantities of market, credit, or (most likely) settlement risk.
A pre-paid payment card that stores a monetary value from which the purchase amount is deducted from the card each time the card is used.
A stored-value card represents money on deposit with the issuer, and is similar to a debit card. One major difference between stored value cards and debit cards is that debit cards are usually issued in the name of individual account holders, while stored value cards are usually anonymous.
