Prepaid Cards

Please choose the most appropriate answer for each sentence.
  • 1

    James Le Brocq of Alliance & Leicester Commercial Bank says that prepaid cards (or .....-value cards) have been in existence for some years, with the US leading the way in finding applications in both the private and public sectors.

  • 2

    The European prepaid market is currently only in its ....., but this is set to change with the number of cards in circulation estimated to grow at over 110% a year for the next four years.

  • 3

    It is predicted that by the end of 2010 the use of prepaid cards across the eurozone will ..... 2.3 billion transactions with a 75bn turnover.

  • 4

    Prepaid cards represent money on deposit and function in much the same way as conventional debit cards; however, the key difference is that funds are not stored in an account that is directly linked to the card holder, but are ..... onto the card and held at a remote database with a financial services provider.

  • 5

    In this ..... there is no actual value stored on the card itself; they do not act as a substitute for cash, so lost or stolen cards can be easily stopped and replaced.

  • 6

    Clearly such revolutionary payments technology will have a significant impact on UK corporates, with uses falling into several categories, including expenses, payroll and ad-hoc remittances, as well as customer-based payments such as gifts, refunds and ......

  • 7

    In all cases significant benefits ......

  • 8

    The advantages of using prepaid cards for employee expense accounts are significant: as well as the general cost savings that are realised in all cases when switching from paper-based payments, employers using prepaid cards can ..... significantly more control over expenses.

  • 9

    Payments can be ..... by corporate providers, allowing them to limit the scope of where goods and services can be purchased, while a record of all transactions is automatically generated and stored.

  • 10

    Also, employee travel abroad can be easily facilitated as the cards can be loaded with a currency of ..... - thus eliminating costs associated with using a debit or credit card outside of its issuing domicile.

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