TOPIC:- PLASTIC MONEY

Presented By:-
Jyoti (Group Leader)
, Surinder Kumar(group coordinator)
Vishal Beri
Kuljinder Kaur,
Mandeep kaur,
Vikas Sharma.
.
Plastic Money - An Introduction
• Plastic money or polymer money, made
out of plastic, is a new and easier way of
paying for goods and services. Plastic
money was introduced in the 1950s and is
now an essential form of ready money
which reduces the risk of handling a huge
amount of cash. It includes debit cards,
ATMs, smart cards, etc.
 ADVANTGES OF PLASTIC
MONEY:-
1. Offer free use of funds, provided you
always pay your balance in full, on time.
2. Be more convenient to carry than cash.
3. Help you establish a good credit history.

4. Provide a convenient payment method

for purchases made on the Internet and
over the telephone.
5. Give you incentives, such as reward
points, that you can redeem.
 DISADVANTAGES OF
PLASTIC MONEY:-
•
1. Cost much more than other forms of
credit, such as a line of credit or a
personal loan, if you don't pay on time.
2. Damage your credit rating if your
payments are late;
3. Allow you to build up more debt than
you can handle;
4. Have complicated terms and conditions;
TYPES OF PLASTIC MONEY
 Different types :-
• Credit card
• Debit card
• Charge card
• Amex card
• Master card & Visa
• Smart card
• Dinner club card
• Photo card
• Global card
• Co-branded card
Credit card:-
HOW TO OPERATE CREDIT
CARD?
Major Banks issuing Credit Card
in India:-
• State Bank of India credit card (SBI credit
card)
• Bank of Baroda credit card (BOB card )
• ICICI credit card
• HDFC credit card
• IDBI credit card
Debit Card:-
Charge card
Amex card
Smart card :-

Cutting Edge 2005 workshop, IIT Kanpur

Smart Cards: Technology

for Secure Management
of Information
Rajat Moona
Computer Science and Engineering
IIT Kanpur
moona@iitk.ac.in
Photo card:-
Global card:-
Co-branded card:-
MASTER CARD & VISA:-
DINER CLUB CARD:-