Introduction to PrePaid Card
As with Prepaid card, technology advances in all fields and smartcard technology is getting its fair share of technological advancements too. Different type of payment card exist, namely, credit card, debit card and prepaid card. It is used for utility services like power and water and you only need to top up your credit to enjoy more services.
Due to some of the benefits of prepaid card, its use for transport is becoming the norm across Europe, Asia, South America, North America, and in some parts of Africa too. It is not likely that prepaid card will become irrelevant anytime soon. Instead, its technology will keep advancing. Now, there are smartcard companies that offer customised card. That means individuals and organisations can now customise card own design. This is one of the advancements to expect in smartcard technology.
Features of Prepaid Card
So, what are the features of the card that will keep the technology relevant for a very long time? Some of them have been discussed right below.
1. They require authentication
Prepaid card often require some forms of authentication like passwords or pass codes. This is for security reasons. It protects the user against identity theft. Anyone cannot just steal your card and use it except if the person has access to your card pass code.
2. They are system-sensitive
Every type of prepaid card is designed for a particular purpose and system. Only that system can be able to access the information on the chips of the cards. For instance, a card that is designed for ABC Transport services cannot be used for XYZ transport services. The information on the card will be invalid. This provides some level of security too.
3. Easy transfer of data
The real value of any prepaid lies in the chip embedded in it. The chip stores a lot of data depending on its capacity. The best part is that data on each chip is very easy to transfer. When your card becomes either damaged or stolen, the provider of the card will only move all the data on the card to another card and it will be given to you usually for a certain amount of money. The ease with which data can be transferred is another reason for the prepaid card technology to remain relevant.
4. It is almost impossible to clone
Before now, criminals could duplicate your card to defraud you. Now, prepaid card technology has gone beyond that. Therefore, two copies of the same card cannot exist at the same time. The system will flag it and your stolen card is first rendered useless before creating a new one for you.
If you have ever reported your card stolen only to find it after getting a new one, you would have realized that the old one no longer works.
Conclusion
Of course, there are many other benefits offered by the prepaid card technology apart from the few outlined above. Nevertheless, they are enough reasons why prepaid card are still highly relevant in our society and will continue to be relevant for a long time.
Visit our website www.smartcard.com.sg for our range of products and comprehensive services. We provide design, packaging customization and letter shopping services to deliver quality finished transport cards. Having served more than 5000 local SMEs, large MNCs, government sectors with their personalized branding on EzLink and NETS FlashPay cards to bring forth their messages, designs and logos for various events. We look forward to work with you on the customized transport cards serving as an effective and inexpensive marketing and brand awareness tool for your organization.