The application of pre-paid cash for consumer

The prepaid cash is same as a debit card or credit card. This cards' function is let people do some transaction such as shopping or travel without take so much money in hand because when you do some transaction you can straight pay by card and you only will pay the money at the end of each month to related bank.This make people life more safety and more convinient.There are many pre-paid cash card has been use in Malaysia.The latest prepaid debit card are tune card.This tune card is no-frills products and services offering insurance package as well as prepaid Visa card.

Besides that, the most popular prepaid cash card in Malaysia is Touch n Go. The touch n go are mainly for transportation purposes.The touch n go is mainly use in highways tol,LRT, bus and for parking but now a days the touch n go expanding services toward retail purchase and purchase fast food.For example, now with touch n go you can buy burger king. A&W and Dunkin's Dougnut without holding any cash in hand.The only thing that we need to do is just reload the card and make sure there are cash available then can do any transaction.Touch ‘n Go uses contactless smartcard technology. The card looks similar to a credit card. User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorised third party outlets.

http://www.touchngo.com.my/

Other than that, there are pre-paid cash card in others countries such as Hong Kong and London which Hong kong is using octopus card while London is using oyster card.Octopus card readers can be found, not only in most modes of public transport in Hong Kong but in other places such as car parks, shops, cafes, wet markets - which sell livestock and fish - and leisure facilities. They can even be used for access control in schools and apartment blocks.People can travel around the city and pay for items in some shops without the need for cash.




http://www.octopus.com.hk/