TOPIC: PLASTIC MONEY

Subject: Business Communication

Presented By: Adil Maqsood
ID: L1S07mbex0033
Barter System:
 In older times when there is no money
people use to exchange commodities to
fulfill there needs, e.g. a carpenter
made the plough for the farmer and he
pay him by the required grains. This
system is known as Barter System.
Money:
Money is described as medium of exchange.
Types:
Leather Coins with stamp of ruling King
Gold & Silver Coins
Metal Money (e.g. Currency Coins etc.)
Paper Money (e.g. Currency Notes, Security Bonds etc.)

Plastic Money (e.g. Credit Cards, Debit Cards etc.)

Vision /Objective behind Plastic Money:
Plastic money is a mode of Electronic Payment. Objectivity is
enabling buyers and sellers to conduct commerce anywhere,
anytime, and in any way they choose (Debit or Credit).

The History of Plastic Money:

The era of electronic payments systems began in 1958 when
Bank of America launched its pioneering BankAmericard
program in Fresno, California. A decade later, Dee Hock, one of
the leaders of a group of BankAmericard licensee banks,
proposed that the banks form an association—a joint venture for
a centralized payments system. Hock became the new group's
first president. In 1970, Bank of America transferred control and
ownership of BankAmericard to the newly incorporated NBI
(National BankAmericard, Inc.).

In 1976, NBI changed the BankAmericard name to ,a

simple, memorable name that is pronounced the same way in
every language.
 Famous Brands of Plastic Money:
VISA
MASTER
DINNERS
AMERICAN EXPRESS
Types of Plastic Money:
Debit Cards
Credit Cards
 Process of a Plastic Money
Transaction:

Bank System POS terminal

Features:
VISA/MASTER Bank System
Avg. time for a
transaction is 7
sec.
Via Telephone
Line.

Issuer of Card VISA/MASTER

Issuers of Debit/Credit Cards
in Pakistan.
Debit Cards:
Almost all banks are issuing debit card to their customers.
Credit Cards:
CITI BANK
SCB (Standard Chartered Bank)
AMERICAN EXPRESS BANK (Card only)
UBL (United Bank Ltd.)
Bank Alfalah Ltd.
MCB (Muslim Commercial Bank)
ASKARI COMMERCIAL BANK
ALLIED BANK
HABIB BANK
Plastic Money VS Paper Money
Plastic Money Paper Money
 If lost not lost  If lost than lost.
completely.  Unsecured and
 Secure and easy to difficult to carry big
carry big amount in amount in pockets.
pockets.  Limited
 Acceptability Acceptability.
Thanks……..