BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Member card
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Charge card
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Credit card
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Smart card
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Detailed explanation-1: -A chip card is a standard-size plastic debit or credit card that contains an embedded microchip as well as a traditional magnetic stripe.
Detailed explanation-2: -A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip.
Detailed explanation-3: -Debit card is a plastic bank card used for payment for cash of goods and services available in your account, and withdraw cash from ATMs and cash desks.
Detailed explanation-4: -What Is an Integrated Circuit Card? An integrated circuit card, or chip card, is a payment card that uses an embedded microchip to store data in addition to (or instead of) a traditional magnetic stripe.
Detailed explanation-5: -A card with an embedded IC (Integrated Circuit) is called an IC card. IC cards are not only more secure, but provide more functionality as well.