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Sunday, February 15, 2009 11:42 AM
The application of pre-paid cash card for consumers.

A prepaid-cash card is a pre-paid debit card that enables the card holders to make their purchases. The payment is deducted from the card’s available balance. It has become popular and widely used in all parts of the world. The most common pre-paid cash card used in Malaysia is Touch ‘n Go card and mobile prepaid card.

Touch ‘n Go card is an electronic purse that can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and Theme Park. Touch ‘n Go uses contactless smartcard technology. The card looks similar to a credit card. User can continue using the card as long as it is pre-loaded with electronic cash. Do you know that from now on we can use Touch ’n Go card to buy burgers? Yes, it is true..The next time you go to a fast-food stall for your burger or doughnut, don’t worry if you have forgotten your money as all you need is your Touch ’n Go card. Check it out from here: http://thestar.com.my/news/story.asp?file=/2008/4/12/nation/20902911&sec=nation

Motorist Noordalila Paris using her Touch ’n Go card to purchase doughnuts at a Dunkin Donut outlet at a petrol kiosk in Jalan Damansara Friday. From next Saturday, the cards can be used to pay for fast food at 21 outlets in the Klang Valley.

Besides that, there are a lot of bank offering the prepaid card nowadays, such as, Eon Bank, Public Bank, Am Bank and others. It also divided into Visa prepaid and MasterCard prepaid. Prepaid cash card uses not only can a prepaid card enable customers who find it hard to get credit, but this type of card can help you take control of your finances, if you have found normal credit card interest rates too high and the balance offered too tempting. You can be confident that you will stick to your budget with a pre-paid card, as you are the one who sets it by deciding how much to top-up your card with. Moreover, most prepaid credit cards can enable you to need not longer to carry cash when shopping because you may use an ATM to withdraw money. Besides, it also can be at home and abroad transfer funds to send money to other cardholders shop on the internet with security. Consumer will need to pre-load their card before use and this can be done in different ways, such as, by direct transfer from a bank account, or by paying in cash at a nominated outlet. Therefore, the prepaid cash card is accepted in most of the ways that a normal card be.

Check out methods for using these cards at http://www.patentstorm.us/patents/7082416/description.html