stored-value card

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stored-value card

A smart card that is "loaded" with cash. See smart card.
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(154) In arrangements where the bank or credit card company issues an open-loop stored value card directly to the customer, the bank or credit card company may list the account holding the funds under the customer's name, similar to a normal bank account.
Cabrera also tweeted last May 8 that the new beep card will not contain the last-ride bonus being enjoyed by present stored value card holders.
The SmartClixx solution is currently installed in numerous nationally and internationally recognised retail brands, processing more than a bn dollars of stored value card transactions annually, through thousands of locations.
For example, passengers who use the app between May 1 and 5 will have a chance to win a special issue stored value card, TMC said.
"Passengers may opt to purchase single-journey ticket, Stored Value Card (SVC) or top-up SVC through station tellers.
We expect to have an all-transport services stored value card. Without these, visitors will turn to the car.