Plastic Money

TOPIC:- PLASTIC MONEY Presented By:Jyoti (Group Leader) , Surinder Kumar(group coordinator) Vishal Beri Kuljinder Kaur, Mandeep kaur, Vikas Sharma. .

Plastic Money - An Introduction • Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. It includes debit cards, ATMs, smart cards, etc.

ADVANTGES OF PLASTIC MONEY:1. Offer free use of funds, provided you always pay your balance in full, on time. 2. Be more convenient to carry than cash. 3. Help you establish a good credit history. 4. Provide a convenient payment method for purchases made on the Internet and over the telephone. 5. Give you incentives, such as reward points, that you can redeem.

DISADVANTAGES OF PLASTIC MONEY:• 1. Cost much more than other forms of credit, such as a line of credit or a personal loan, if you don't pay on time. 2. Damage your credit rating if your payments are late; 3. Allow you to build up more debt than you can handle; 4. Have complicated terms and conditions;

TYPES OF PLASTIC MONEY

Different types :• • • • • • • • • •

Credit card Debit card Charge card Amex card Master card & Visa Smart card Dinner club card Photo card Global card Co-branded card

Credit card:-

HOW TO OPERATE CREDIT CARD?

Major Banks issuing Credit Card in India:• State Bank of India credit card (SBI credit card) • Bank of Baroda credit card (BOB card ) • ICICI credit card • HDFC credit card • IDBI credit card

Debit Card:-

Charge card

Amex card

Smart card :-

Cutting Edge 2005 workshop, IIT Kanpur

Smart Cards: Technology for Secure Management of Information Rajat Moona Computer Science and Engineering IIT Kanpur [email protected]

Photo card:-

Global card:-

Co-branded card:-

MASTER CARD & VISA:-

DINER CLUB CARD:-