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multi-purpose prepaid card

Financial DictionaryEuropean Central Bank Dictionary
A prepaid card which can be used at the outlets of several service providers for a wide range of purposes and which has the potential to be used on a national or international level, but which may sometimes be limited to a certain area. A reloadable multi-purpose prepaid card is also known as an electronic purse.
See also:
 electronic money (e-money)    
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
See also: NAABSA , EARNINGS , SABB , UACA , 12b-1 Fee

 

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List of Terms: Terms beginning with "A", Page 1

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