Stored-value card

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

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What Wikipedia says

A stored-value card (SVC) or cash card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card.

Excerpt from the Wikipedia article “Stored-value card”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Lynxano, CC BY 4.0, via Wikimedia Commons.