Plastic Money

Presented By :- Prashant Jadhav

 WHAT IS PLASTIC MONEY?
• Plastic money are the alternative to the cash or the
standard ‘Money'.
• Plastic money is the generic term for all types of
bank cards, credit cards, debit cards, smart cards,
etc.
 History of Plastic Money
• First payment cards was introduced in the USA, in
1920.
• Diners Club and American Express launched the
world’s first plastic cards in the USA, in 1950.
• First credit card was introduced by Diners club in
1951.
• Citibank and HSBC were the pioneers in the Indian
credit card market in the 1980.
 TYPES OF PLASTIC MONEY
1. Debit Cards

2. Credit Cards

3. Smart Cards

4. Charge Cards

5. Photo cards
 DEBIT CARDS

• Debit Cards are electronic plastic cards that are used

as a substitute for cash. Debit cards are directly
linked to a cardholder’s bank account
 CREDIT CARDS

•Any card that may be used repeatedly to borrow money or

buy products and services on credit
Some Concepts of Credit Card
• CASH
WITHDRAWALS
• CASH ON CALL
• BALANCE
TRANSFER
• CHARGES & FEES
• SETTLEMENT
BANK
 SMART CARDS
• A smart card contains an
electronic chip which is
used to store cash. This is
most useful when you
have to pay for small
purchases, for example
bus fares and coffee. No
identification, signature or
payment authorization is
required for using this
card. 
 CHARGE CARDS
• A charge card carries all the
features of credit cards.
However, after using a charge
card you will have to pay off
the entire amount billed, by
the Due date. If you fail to do
so, you are likely to be
considered a defaulter and
will usually have to pay up a
steep late payment charge.
 Some Other Card’s
• Photo Cards:- If your photograph is
imprinted on a card, then you have
what is known as a photo card.
• Global Cards:- Global cards allow you
the flexibility and convenience of
using a credit card rather than cash or
travelers checks while travelling
abroad for either business or personal
reasons.
 Card’s Providers
•VISA Card

•Master Card

•American Express •Diners Club International

•JCB Cards

And many more……