stored-value card


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stored-value card

A smart card that is "loaded" with cash. See smart card.
References in periodicals archive ?
Because its balance is transferred directly from the consumer to the merchant, the stored-value card could replace a range of cash transactions.
If a consumer who loses a stored-value card with a balance of several hundred dollars is not entitled to a refund, he or she should know this fact when the card is purchased.
The Federal Deposit Insurance Corporation (FDIC) has announced that stored-value cards from FDIC-insured depository institutions would be insured.