A slang phrase for credit cards, especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply. source:net

1. PLASTIC MONEY

2. •WHAT’s PLASTIC MONEY???
 Plastic money or polymer money, made out of plastic
 A new and easier way of paying for goods and services
 Introduced in the 1950s and is now an essential form of ready money
 It includes credit cards, debits cards, ATMs, smart cards, etc.

3. WHY USE PLASTIC MONEY??
 Easy to carry
 Easy to operate
 Safer to carry
 More Security
 Durable
 Multiple functions

4. Types of Plastic money
CREDIT CARD
CASH CARD or ATM CARD
DEBIT CARD
IN-STORE CARDS
PREPAID CASH CARD

5. CREDIT CARD
 A credit card can be viewed as a payment mechanism
which enables the holder of the card to purchase goods
(or services) without paying immediate cash; and make
a one-time payment at the end of a specified period
(known as the billing cycle which is usually a month)
with a provision for spreading this payment over several
easy installments….

6. CASH CARD or ATM CARD
 also known as a bank card, client card, key card, or cash
card
 payment card provided by a financial institution to its
customers which enables the customer to use an automated
teller machine (ATM)
 for transactions such as: deposits, cash withdrawals,
obtaining account information, and other types of banking
transactions, often through interbank networks
 will not allow the holder to purchase anything directly with
it.
 In some countries, the two functions of ATM cards and debit
cards are combined into a single card called a debit card or
also commonly called a bank card. These are able to
perform banking tasks at ATMs and also make point-of-sale
transactions, both functions using a PIN.

7. DEBIT CARD POS

8. What is a debit card??
 also known as a bank card or check card
 is a plastic payment card that provides the cardholder
electronic access to his or her bank account(s) at a
financial institution
 can be used instead of cash when making purchases
 In some cases, the primary account number is assigned
exclusively for use on the Internet and there is no
physical card.

9. ADVANTAGES
 Substitute for cheque
 Convenience
 Faster mode of transaction
#withdrawing cash
#making payments to third-party
#easy finalisation of a/c
 Multiple functioning
-Can be used to make payments at shops,hotels,etc where a Point of Sale(POS) terminal
is available
-Can be used to withdraw money from any ATM
 Can be easily obtained
 Security
 It keeps you within budget
 Accepted internationally

10. How to get a debit card
SAVINGS BANK A/c

11. Debit card in detail
 (1) is the bank logo.
 (2) is the EMV chip(commonly referred to as 'Chip&Pin')
 (3) is the Hologram(This represents a valid card and is a sign that the
card is legal)
 (4) is the 16 digit card number
 (5) is the logo of the card type
 (6) is the expiry date
 (7) is the name of the cardholder

12.  (1) is the magnetic stripe.
 (2) is the signature strip
 (3) is the CVCormCVV(Card
verification code or value)code

14. TYPES OF DEBIT CARD SYSTEM
 Online Debit System: Online debit cards require electronic
authorization of every transaction and the debits are
reflected in the user’s account immediately.
 Offline Debit System: This type of debit card may be
subject to a daily limit, and/or a maximum limit equal to
the current/checking account balance from which it draws
funds. Transactions conducted with offline debit cards
require 2–3 days to be reflected on users’ account
balances.
 Electronic Purse Card System : Smart-card-based electronic
purse systems (in which value is stored on the card chip,
not in an externally recorded account, so that machines
accepting the card need no network connectivity)

17. Disadvantages
 Not accepted everywhere
 Laws protect the consumer from fraud much less than
with a credit card.
 Loss of card
 No cash-NO operation
 Restricted spending
 Hidden fees
 Record keeping is mandatory
 Internet scams

18. PRE-CAUTIONS....
 Change the PIN immediately the
card is received from bank
 Don't write down your PIN number anywhere.Memorize it.
 Preferably use an ATM which is within bank premises or manned
24 hrs by a security guard.
 While using the online settlement,use the virtual keyboard
 Register yourself for SMS alert whenever your account is accessed.
 Change your PIN numbers as often as convenient.
 If the card is lost,immediately inform the banker.

19. IN-STORE CARDS
 Store cards are credit cards which can only be used to
buy goods in one particular shop or chain of shops (a
number of shops owned by the same company). The
store card is provided by a particular shop that you can
use to buy goods at that shop, and you will pay for the
goods at a later date.

20. PRE-PAID CASH CARD
 As the name suggests the user will add credit to the
card themselves, and will not exceed that amount.
These are usually re-useable in that they can be 'topped
up' however some cards, usually marketed as Gift Cards
are not re-useable and once the credit has been spent
they are disposed of. They provide some specials
benefits or discounts to the holder of the card.

21. HAVE A NICE DAY………