PLASTIC MONEY

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Presentation on PLASTIC MONEY:

Presentation on PLASTIC MONEY Prepared By- Amrita Shukla.

WHAT IS A PLASTIC MONEY?:

WHAT IS A PLASTIC MONEY? The plastic money generally a credit or debit card with a magnetic strip many people carry in their wallets or purses is the end result of a complex banking process. Holders of a valid card have the authorization to purchase goods and services up to a predetermined amount, called a credit limit .

BIRTH OF PLASTIC MONEY:

BIRTH OF PLASTIC MONEY It all began in the year 1951. New York based bank called Franklin National Bank started providing cards (Plastic Money).

Types of plastic Money:

Types of plastic Money Credit card Debit card Charge card

FEATURE OF PLASTIC MONEY :

FEATURE OF PLASTIC MONEY A plastic money is a card or mechanism which enables to purchase goods, travel and dine in a hotel without making immediate payments. services at over 20 Million locations around the world. The holders can also use the cards to credit from banks.

WHO CAN BE A (Credit/debit) CARD HOLDER :

WHO CAN BE A (Credit/debit) CARD HOLDER A person who earns a salary of Rs. 60,000/_ per annum is eligible for a card. He should have a savings current account in the bank. His assets and liabilities on a particular date are reported to bank. A statement of annual or monthly income. He is considered credit worthy upon to certain limit depending upon his income, assets and expenditure.

PARTICULARS DISPLAYED ON THE CREDIT CARDS:

PARTICULARS DISPLAYED ON THE CREDIT CARDS NAME OF THE CUSTOMER. 16-DIGIT CARD NUMBER. VALIDITY DATE. THE VISA HOLOGRAM AND THE VISA LOGO. NAME OF THE ISSUING BANK. SIGNATURE PANEL. MAGNETIC STRIP. PIN (PERSONAL IDENTIFICATION NUMBER)

NAME OF THE CUSTOMER:

NAME OF THE CUSTOMER Every card displays the name of customer. It should be spelled correctly. In case, it does not, the customer can contact the customer service cell/helpline and get the necessary correction done. This facility is provided free of cost by the bank.

.    16-DIGIT CARD NUMBER  :

. 16-DIGIT CARD NUMBER A unique 16 digit number is allotted to every customer/ cardholder.

.    VALIDITY DATE    :

. VALIDITY DATE The card mentions the period through which it is valid. The card is usually valid from the it is received by the customer unto and including the last day of the month indicated on the card. After the card has to be renewed.

THE VISA HOLOGRAM AND THE VISA LOGO:

THE VISA HOLOGRAM AND THE VISA LOGO The hologram and the logo ensure that all the establishments through out the world displaying the visa logo will accept the card.

NAME OF THE ISSUING BANK:

NAME OF THE ISSUING BANK The card indicates on the top the name of the issuing bank.

SIGNATURE PANEL:

SIGNATURE PANEL The back of the card contains the signature panel. The customer must put his signature on the signature panel to prevent misuse by any other person. This identifies the card holder. Signature on the panel would imply that card holder has given his consent to abide by the terms and conditions governing the use of the credit card. The card is valid is only if signed.

MAGNETIC STRIP:

MAGNETIC STRIP The black magnetic strip contains important information in encoded from and needs special handling. The card should not be kept in an area where there is a continuous magnetic field. It should not be left on the top the television. Set or near any electronic appliance. The card should be kept away from heat and direct sun light.

. PIN (PERSONAL IDENTIFICATION NUMBER)::

. PIN (PERSONAL IDENTIFICATION NUMBER): Each card holder is issued a password or pin to enable use of the card for accessing his/her card account on the ATM and internet and also for availing any privilege, benefit or service that may be offered by bank on the card.

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Thank you……