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Advanced Card Technology - Glossary of Terms
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| Video Banking |
Generic term for on-line computerized retail banking. It includes
home banking, small business on-line-banking and other retail banking
conducted remotely from computers or terminals in offices, hotel
rooms, pay phones and elsewhere. |
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| Videotex |
A remote television service operating with a telephone line-distributed
bit stream that is converted to a graphic display frame(s) at the
TV set. Remote input is communicated through the telephone line. |
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| Visa Cash |
A chip-based credit card, introduced by Visa, used for small
purchases and Internet purchases. Disposable and reloadable Visa
Cash cards are available. Disposable cards are loaded with pre-determined
value; once the value is used, the card is disposed of. A reloadable
card comes without a pre-determined value; the cash value can be
loaded on to the card at specialized terminals and ATM machines. |
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| Volatile Memory |
Computer memory that loses its contents when eternal power is
removed. |
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| Voucher |
Any piece of paper that is used to carry a payment message.
e.g., checks, credit transfers and credit card vouchers. |
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