Pre-paid cash card

Pre-paid cash card can be defined as a payment card that works like a credit or debit card. The most significant between debit and credit card is cannot run up a debt. When there is transaction of purchase, money will be directly deducted from consumer bank account, usually is from saving account rather than overdraft. Prepaid cash cards are considered the most secure and safe financial transaction cards nowadays because it always need a personal identification number to be keyed in for the transaction to be authorized, no one else can ever use your card.

Pre-paid cash card can be use through the internet for purchases like credit cards. Pre-paid cash card systems have become popular in video arcades, bowling centers and theme parks. There are several benefits by using those pre-paid cash card, such as allows operators to package their product more effectively while monitoring customer spending at the same time, security features provided such as personal identification numbers to protect consumers against theft and fraud , act virtually the same as cash is more security, are free of interest charges associated with credit cards, can conveniently and inexpensively in transferring funds to everywhere and easy in bill Payment and on-line Purchases.

http://en.wikipedia.org/wiki/Debit_card