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When bankers come up with a new wonder product, it's rarely good news for consumers. JPMorgan Chase's (JPM) new "Liquid" card is no exception. Unveiled last week, Liquid is touted as "a reloadable ...
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A prepaid debit card is a payment card that operates differently from traditional debit cards linked to bank accounts. Instead of drawing funds from a bank account, users preload money onto the card.
As a subsidiary of Visa Inc., it connects all Visa credit, debit and prepaid cards, as well as ATM cards issued by various banks worldwide bearing the Visa / Electron logo. Plus System, Inc. started out as a consortium formed by 34 major U.S. banks to build a national network of automated teller machines (ATM).
Such cards are known by a variety of names, including bank cards, ATM cards, client cards, key cards or cash cards. There are a number of types of payment cards, the most common being credit cards, debit cards, charge cards, and prepaid cards. Most commonly, a payment card is electronically linked to an account or accounts belonging to the ...
Prepaid credit card, a card that debits money from an associated account that ordinarily uses a signature rather than a PIN for verification Stored-value card , a card that has a monetary value that is recorded as data on the card itself, and thus can be used without online access to an associated account
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