Get to know the Visa Card
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Get to know the Visa Card |
Elements of the subject
1 _ credit
2_ Credit Card (Visa)
3_ Uses of the visa card
4_ Security features on Visa cards
5 _ Types of Visa Cards
1 _ credit
Credit is a contract between a person and one of the financiers, whether it is a bank or a financial institution, through which he obtains a sum of money. The term credit is also used to refer to the relationship between a person's financial assets and the value of the liabilities he incurs, which appears in the financial report on income.
2_ Credit Card (Visa)
A Visa card is a plastic and electronic card that is linked to bank accounts and allows you to use the funds in your account for a small fee for this banking service. As a result, the Visa card is an indispensable thing in banks and is used in a variety of purchases and sales.
The first use of these cards was in the United States of America in the year 1920 AD. It was used to facilitate a range of financial operations, and then witnessed a wide spread with banks seeking to issue a set of designs for this card, which later became an essential part of banking and financial work.
3_ Uses of the visa card
reduces time and effort in dealing with money; Especially if the required amount cannot be reached at the moment; The visa card is widely used in public places, which brings convenience and ease to those who use it. Visa card requests:
Withdrawing funds from your account:
It is one of the most famous applications of this card, and certainly the most important one, because it was created with the aim of making it easier to deal with money and receive it when you need it.
Credit card payment:
It is a relatively new way of handling the visa card; Shopping has become popular while visiting the markets and major companies that accept this type of card; It helps cover large amounts of money that may not be available to the buyer at the time.
Online Banking Services:
Many private banking transactions in banks, or commercial matters, have shifted from traditional use to using the Internet, as one of the modern means, which has contributed to providing tools that help pay money for purchases made through online store websites.
4_ Security features on Visa cards
The Visa Card features a set of security features that distinguish it from other digital cards, the most prominent of which are:
signature panel
It is a hidden rectangle on the back of the visa card that serves as an electronic verification technique to compare the signature of the card holder with his written signature at the bank, thus verifying his personal identity while using the card.
Card Confirmation Value:
It's a three-digit numerical value that appears as a box next to the signature panel and usually consists of digits from the bank account number.
The bank ID numbers are as follows:
It consists of four numbers that are used to identify the card bank and must match the initial bank account numbers.
Card holder name:
It is the official and original name of the card holder and may only be used for financial transactions.
5 _ Types of Visa Cards
Visa cards are divided into several categories.
There are several types of visa cards, including:
Visa MasterCard:
It is one of the most common and most widely used types of cards, it is considered the most popular and most used in all countries of the world; They are linked to bank accounts and used to keep track of transactions based on them; It is issued to bank account holders so that they can take advantage of the benefits it offers whether it is withdrawals, deposits, purchases or any other activities.
Student card:
It is a new type of visa card designed specifically for college students and calculates an interest rate lower than the general interest on other accounts, in addition to providing students with a variety of banking services, such as paying college fees, cell phone services, and any other financial transactions that may be required while studying requester.
Business card:
It is a specific type of card created to keep track of private companies in organizations and institutions. As a result, it is directly related to the financial operations of buying and selling by businessmen, and is awarded according to certain criteria.
Prepaid credit card:
It is a card that works on the principle of depositing a certain amount in advance in the account, then deducting the value of the purchases made with it from the available financial balance. It can be used as long as it has a balance of money, and when it expires the owner must recharge it for use in financial transactions.
mohamed kadi 21 nov 2021
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