What Are Differences Between Plastic Electronic-, and Paper Based Money Management? The term payment medium, or media if referring to more than one medium, is used to describe a device or mechanism used to hold cash value and make payments. For example, coin and currency is a payment medium, but currency and checks can be considered different payment media. Cash can be held, and payments can be made, using three different media: small sheets of paper, plastic cards, and electronic systems. Non paper based systems, while more convenient, have different risks and therefore require greater and different forms of diligence to avoid losses. How are payments made using each of the three payment systems? The paper system involves the use of , while the plastic-based system uses The electronic system employs computers and similar devices to access bank accounts, credit, debit, and stored-value cards computers and other electronic devices cash and checks taken without the use of paper documents are called electronic payment media. Underlying these transactions are (EFT) in which funds and information are shifted electronically between the accounts of individuals and institutions. These EFTs are used whenever cash or check transactions are not conducted. Consider the plastic based payment system and its different media. There are seven general types of media, each with different features and risks. What are they? The seven different plastic media include: What is electronic cash management? Cash management activities that are undertaken without the use of paper documents are called which indudes the use of both plastic and electronic payment media, fiat money management Underlying these transactions are (EFTS) in which funds and electronic money or cash management been the accounts of individuals and institutions. These EFTs are used whenever cash or check transactions in mo Consider the plastic based payment system and its different media. There are seven general types of media, each with different features and risks. What are they? The seven different plastic media include: stored-value cards cards . credit cards prepaid cards cards electronic benefit transfer cards key fobs/Smartcards Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can sometimes perform several functions, so think about the general type of card being described -not what you use your own card for Cash management activities that are undertaken without the use of paper documents are called which indudes the use of both plastic and electronic payment media, Underlying these transactions are (EFT) in which funds and information are shifted electronically between the accounts of individuals and institu henever cash or check transactions are not conducted. emergency funding tokens Consider the plastic-based pay electronic funds transfers jent media. There are seven general types of media, each with different features and risks. What are the The seven different plastic media include: stored-value cards cards . credit cards prepaid cards cards electronic benefit transfer cards key fobs/Smartcards Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can Sometimes perform several functions, so think about the general type of card being described-not what you use your own card for. Consider the plastic-based payment system and its different media. There are seven general types of media, each with different features and risks. What are they? The seven different plastic media indude: . .stored-value cards cards debit affinity cards electronic benefit transfer cards key fobs/Smartcards Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can sometimes perform several functions, so think about the general type of card being described -not what you use your own card for. encrypts the amount of money stored on the card and can be reloaded by the card owner. allows you to access your accounts via an automated teller machine. creates a debt that must be repaid, usually with interest. Grade It Now Save & Continue Continue without saving Consider the plastic-based payment system and its different media. There are seven general types of media, each with different features and risks. What are they? The seven different plastic media include: .stored-value cards cards credit cards prepaid cards cards benefit transfer cards ATM martcards charge Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can sometimes perform several functions, so think about the general type of card being described --not what you use your own card for. encrypts the amount of money stored on the card and can be reloaded by the card owner. allows you to access your accounts via an automated teller machine. creates a debt that must be repaid, usually with interest. Grade It Now Save & Contacte Continue without saving electronic benefit transfer cards key fobs/Smartcards Re An ATM card statements and indicate which type of plastic monetary management device is being described. Note: The same card can al functions, so think about the general type of card being described -not what you use your own card for. sor A stored-value card encrypts the amount of money stored on the card and can be reloaded by the card owner. allows you to access your accounts via an automated teller machine. creates a debt that must be repaid, usually with interest. Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can A key fob several functions, so think about the general type of card being described -not what you use your own card for. An ATM card encrypts the amount of money stored on the card and can be reloaded by the card owner. allows you to access your accounts via an automated teller machine creates a debt that must be repaid, usually with interest. Grade It Now Save & Continue Continue without saving sometimes perform several functions, so think about the general type of card being desche r m An electronic benefit transfer card the amount of money stored on the card and can be reloaded by the card owner A credit card ress your accounts via an automated teller machine. creates a debt that must be repaid, usually with interest