plastic money
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Plastic Money
Plastic money is the name given to all types of plastic bank cards
There are 4 advantages of using plastic money:1> It guarantees cheques2> It can obtain cash from the ATM
3>It can pay for goods by electronic funds transfer at the point of sale (EFTPOS)
4>You can buy goods on credit
Some types of plastic money are cash cards
ATM cards
credit cards, debit cards
Smart cards
The Smart card carries a microchip with information on the holder
Some names of ATM are ATM agribank, ATM Vietcombank, ATM ACB, ATM BIDV,
A customer can use an ATM card by inserting the card and key the PIN number in and then by following a clear set of instructions
The teller in a bank in America is a person receiving and handing out money
Credit cards are used for payment of goods at supermarkets, stores, shopping centers
Credit Card Process
Pay money through Clearing System
voucherretailer
Redit Card Company
voucher
statement
There’s an electronic device to read the credit card.
A customer signs 3 copies of each voucher-one for himself, one for retailer and one for the bank.
The credit card company charges retailers round 4 percent of the total value of purchases.
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