The plastic cards by Jane Matar

       I think most of you had heard about credit cards, which are important things in our life, it is known as

plastic card which is a way to purchase goods and services through the bank, it’s business to business and business to consumer process. Through debit and credit. This card provides the buyer carry money in his pocket. The buyer gives the credit to the seller and passes the card in the machine and the process of payment to the seller through the bank. This service Tofferaly people carries money with them.

      This mechanism works through an agreement between the bank and the person concerned, and by selecting a certain amount gives the Bank on this basis the card. When the owner of the card buy something, he gives this card to the owner of the shop and the passing it through the machine own, And this deducted from his account of the bank immediately to the owner of the shop. As for the amount agreed to be repaid to the Bank during the period specified by the parties. When you want to work your own credit card, you must give the bank or company-specific data about you to enable them to work this credit card for you and to protect you in case your card is stolen. Like: First name, Last name, Address. Also you must known about the advantages and disadvantages for it. Advantages of credit card are, Give you protection if the thing you bought was stolen or damaged or lost, the existence of this card with you properly in many of the useful things when you submit a job or take your loan from the bank and other, also Credit cards can  be useful in times of emergency. Some credit cards offer additional benefits, such as discounts, bonuses, and special insurances. However, it’s disadvantages are, drive people to spend a huge amount of money which can not be owned at this time. The bank puts interest on money withdrawn as a debit at the end of each month. Besides that, this card can be stolen by people or by telephone or website. Credit card is a type of loan where you get a certain amount of money to spend appointed by you, and there is interest every month. Takes to insert a credit card machine and make sure their own as a legitimate and enough money in just a few seconds. and the information required to perform this verification is obtained from the magnetic strip on the back of the card, or via the silicon microchip embedded in the card.

        For the company, if it wants to operate a credit card, they contracted with a private bank or private companies that provide this service, for the convenience of its customers make purchases, especially in companies that deal with foreigners. However, this service requires from the company many several factors to help them to get these services, like: Phone line, Internet service, Par code (computerized).The most important thing a bank account The Company defines a certain amount of it in agreement with the bank to customize it to the credit card; the company shouldn’t have debt and financial matters.
       In conclusion, Credit cards are a way to help people and companies to facilitate the process of procurement and financial transactions. However, credit cards can provide convenience but they can also leave you in debt through risky choices. In order to defeat the risks of credit card use, avoid accumulating too may and pay the debt off on time, be carful to avoid deception.
References:

Aleksandar,  2010, what is credit card <http://www.hackpconline.com/2010/07/how-to-hack-credit-card.html>

2009, (How Credit Cards Work) available from < http://www.plastiq.co.za/tips-and-tricks-article.asp?ssID=170>

Analiza paulino, 2008, Advantages and Disadvantages of Credit cards , available from < http://is.gd/UjR7kO> February 24, 2008