Stored-value card (Value Card) is a prepaid wallet-type debit card in which the card-issuing bank or other enterprise units authorized by the Central People's Bank to issue cards transfer their funds to the card to be stored at the cardholder's request, and debit money directly from the card during transactions. Such cards have a fixed face value, generally cannot be renewed, are discarded after use, and are characterized by anonymity, non-loss, and non-interest bearing, which infringes on the interests of the cardholder and has been discontinued by the People's Bank of China. Used to pay for small expenses, usually used in public **** services, such as bus tickets and telephone cards, etc., consumers need to buy a certain amount of stored value card from the industry, so consumers are paid first and then consumed, unlike credit cards. The difference between stored value cards and chip cards is mainly in the stored value card money is paid to the operator, while the chip card is stored in the chip. Stored-value cards are also known as prepaid cards, consumer cards, smart cards, loyalty cards, etc. As the name suggests, they are cards that are paid first and then consumed. Prepaid cards are divided into registered and non-registered cards, registered cards can be lost, non-registered cards can not be lost.
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There are many types of prepaid cards, according to the different issuing organizations, there are mainly the following: 1, the telecommunications industry, such as: mobile, Unicom, your cell phone card is a prepaid card; 2, banks: such as the UnionPay and the Bank of Communications issued by the Pacific World Expo non-contact chip prepaid card; 3, merchants: shopping malls, supermarkets, restaurants, entertainment, beauty care, hairdressing, and other industries; for example, the larger shopping malls supermarkets Century Century Lianhua Card issued by Lianhua Supermarket. 4、Third party card issuers: signing agreements with many merchants, placing acceptance POS terminals, issuing a cross-sectoral consumption prepaid card, which can be used to swipe and consume at many allied merchants; for example, the Tongze card, which can be used to directly swipe and consume at many merchants, as well as to make online payment and life payment. 5、Other .......
See Baidu Encyclopedia/view/21116.htm for details