Prepaid cards can be consumed and cashed at POS and ATM machines with UnionPay logo posted at home and abroad; Can enjoy the cardholder services provided by China UnionPay and card issuers according to the contract; Cardholders can recharge repeatedly and enjoy services such as returning the balance in the card.

As the name implies, a prepaid card is a card that is purchased first and then consumed. There are the following types:

UnionPay standard travel prepaid card products refer to the card demand of domestic and foreign tourists, which conforms to UnionPay standards. The bookkeeping currency of the card products is determined by the card issuer. After a legal entity or natural person purchases a UnionPay travel card by cash, check, transfer or other means recognized by the card issuer,

Travel card

(1) UnionPay standard travel prepaid card

Tourist card, that is, tourist card.

1. Tongjilong UnionPay standard travel prepaid card

Issue date: September 28, 2006. Card issuer: Tongji Long Group.

China UnionPay and Tongji Long Company jointly launched the first UnionPay standard prepaid card, and the UnionPay standard prepaid card issued by Tongji Long Company will be used on the global UnionPay network from September 28th. At the initial stage of opening, Tongji Long Company will take the lead in issuing UnionPay standard prepaid cards in Hong Kong dollars and US dollars, and sell them to the outside world through major local banks, travel agencies and Tongji Long service outlets. The characteristics of this card include: realizing background registration system, supporting transaction verification of signature and password at the same time, reporting loss, recharging and returning the card, and ensuring the return of cash balance; At the same time, 24-hour customer service hotlines have been set up in Chinese mainland, China, Hongkong and the United States, and cardholders can ask questions related to using the card at any time through their mobile phones or landlines. The introduction of Tongji Long UnionPay standard prepaid card is a milestone in the internationalization of China UnionPay. It is not only the first prepaid card issued by UnionPay worldwide, but also a brand-new product launched by UnionPay to the payment market. It breaks through the original credit card and debit card application procedures and time limit, so that consumers can buy cards and spend them at any time. It will provide cardholders with more convenient, faster and safer payment services, and will also play an active role in promoting economic, cultural and commercial exchanges between China and other countries.

pay card

Pay cards, that is, pay cards, transfers, checks and even pay bags full of cash, are all ways for enterprises to pay employees. However, there has been a prepaid card in the United States, which can not only withdraw money, but also spend it by credit card, called salary card.

Well-known enterprises that use salary cards now include McDonald's, Blockbuster and Domino's. Now in the United States, salary cards are issued to employees by card issuers through employers, and employees return the cards after leaving their jobs. The salary card can be used as an ATM card, and has the functions of withdrawing money and transferring money. Can also be used as a debit card. Just swipe your card at the cashier and enter the withdrawal password, or sign the bill after swiping your card to complete the transaction. As far as enterprises are concerned, employers look at the cost-saving effect of salary cards. For example, the cost of writing a check by an enterprise is as high as $2, but for office workers and even SOHO people, a salary card can save the trouble of spending time rolling checks in the bank. The earliest salary card in China is the welfare card, which integrates welfare and gifts, but it does not have the function of withdrawing cash.

Compared with the salary card, the salary card is a cheaper choice. According to the specific type of salary card, salary card enables employees to use their salary in many ways. Wages are deposited in the payroll card account by direct deposit, and employees can use this card to withdraw cash or spend it on ATM machines. The salary card issued by the bank has an obvious feature, that is, it is not sold directly to customers, but to employers, who in turn encourage employees to receive wages with salary cards.

Salary card is a special form of stored-value card, which simplifies the payment process to purchase or withdraw cash. The payroll card uses an open system. After some banks issued salary cards for a period of time, Visa and MasterCard announced on 200 1 that they would use a lot of resources to promote the great development of this product. With salary cards, employees can only withdraw cash at ATMs, and some also allow cardholders to spend money at POS terminals by entering passwords. This type of card still exists in the market today, but now many payroll cards are marked with Visa or MasterCard, which enables cardholders not only to withdraw cash from ATM machines, but also to spend or cash back in retail stores like traditional debit cards. Compared with a single salary card without Visa or MasterCard logo, these salary cards immediately won a large number of cardholders.

Gift Card

Multifunctional gift card, namely shopping card, is a product based on prepaid card, and the recipient of the gift card can use it on the brand network that supports the card. Gift cards have a fixed face value (for example, US$ 25, US$ 50 and US$ 65,438+000), which can be purchased through bank channels (such as branches), telephone, Internet or payment card network that issues gift cards, and are anonymous and cannot be recharged.

Gift cards were originally used to replace paper gift certificates. With the continuous development of the payment industry, gift card publishers also use various customized personalized functions to meet the changing needs of givers and recipients. For example, the theme gift cards of "Happy Birthday" and "Happy Holidays" can provide a certain degree of personalized design for the purchased gifts.

Gift cards can bring a lot of convenience. First of all, compared with paper gift certificates, gift cards are easier to classify and settle. Second, gift cards can store residual value, while gift certificates can only be used once. Third, shopping cards are easy to issue and less likely to be forged than gift certificates. Fourthly, the system can obtain the consumption data of merchants when handling gift cards, which is beneficial for merchants to carry out more targeted marketing activities. Merchants use gift cards more.