WHAT IS PLASTIC MONEY? •Plastic money are the alternative to the cash or the standard ‘Money’. •Plastic money is the generic term for all types of bank cards‚ credit cards‚ debit cards‚ smart cards‚ etc. DEFINITION 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
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Chapter: 1 Introduction: Plastic money is the alternative of cash or the standard ’money’. Plastic money is used to refer to the credit cards‚ debit cards that we use to make purchases in our everyday life. Plastic money is much more convenient to carry around as you do not have to carry a huge some of money with you. It is also much safer to carry it along or to travel with it as if it is stolen one can consult the bank whose service you are using and get it blocked hence saving your money
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Definition: Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes. They can come in many different forms such as cash cards‚ credit cards‚ debit cards‚ pre-paid cash cards and store cards. Introduction: 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
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Securing Plastic Money Using an RFID Based Protocol Stack Rishab Nithyanand Department of Computer Science University of California - Irvine rishabn@uci.edu Abstract. Since 2006‚ there have been three major systems that have been implemented in an attempt to reduce the threat of credit card fraud - Chip and PIN (United Kingdom)‚ Chip Authentication Program - CAP (European Union)‚ and RFID enabled credit cards (United States of America). In spite of a big effort by the EMV1 ‚ there has been
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5/23/2012 Plastic Pollution • History • Quantities • Marine life • Toxicity • Research • Solutions FOR A PRIZE Precautionary Principle (in this context) • When/If an action or choice has the potential to be harmful to ourselves or the environment‚ that action should be avoided. 1955 Life article“Throwaway Living” AMRF How is plastic made? Nurdles Pre-production plastic pellets 1 5/23/2012 Ballona Creek after a rainstorm Why should a disposable product outlast
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NA Credit card has undoubtedly made our lives easy but it is important that you use credit cards in the right way so that you can make the most of it without getting caught in the credit trap. All you have to do is to keep a track of your purchases‚ remember you payment cycles‚ try to settle full credit card payments at the end of every month‚ avoid spending in excess and carry your cards cautiously. If handled properly‚ credit cards can serve to be very convenient but they can also lead you to a
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How is that? Its the introduction of plastic money. The widely used kind of plastic money is credit card and debit card. Of these two the debit card is the payment affordability upto the balance in the account hold in the bank. But the credit card is a boasters to the factor of affordability. The invention of financial world has brought a revolution in the market system. The customers are been made feel that they carry the cash with them when they a credit card. The government ‚ private banks‚
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THE HISTORY OF MONEY [A] The yen‚ the dollar‚ the quetzal‚ or the peso—no matter what the currency is called‚ money is an important part of life in nearly every culture today and has been throughout history. The concept of money dates back thousands of years. Originally‚ money was not metal coins or paper bills. Rather‚ people paid for things with objects that were useful and therefore considered valuable. We sometimes call this commodity money. Some examples of commodity money used throughout
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The Plastic Age is going strong. Plastic rules our lives and how! It’s durable‚ does not perish‚ and you don’t need to cut trees to make it. And despite being much frowned upon and debated‚ plastic has a strong presence in almost every nook of our lives. So deep is the plastic connection that we use the term to refer to anything fake — plastic smile‚ plastic snow‚ plastic surgery! Imagine‚ if the Titanic were made of plastic‚ it may never have sunk. So while we battle plastic bags choking our drains
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Plastic money growth in India fastest in Asia Our Banking Bureau / Mumbai December 10‚ 2003 The plastic money culture seems to be spreading fast if the total transaction volumes through cards (both debit and credit) in the country for 2002 is anything to go by. Transaction volumes include both cash withdrawals and purchases made through such cards. Total transaction volumes have rocketed 103 per cent to $4.201 billion (over Rs 19‚400 crore)‚ making India the fastest growing market in Asia
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