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stored-value card



A stored-value card represents [[money]] on deposit with the issuer, and is similar to a [[debit card]]. While [[debit cards]] are usually issued to individuals, stored value cards are usually anonymous. Typical applications include gift cards, travel, Oyster and transit system farecards, and prepaid telephone cards. Payroll cards are becoming popular in the US to pay employees.

Joseph Harris - Debt Control Man, Author of Control Your Debt Crisis on Your Own Terms

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