Stored Value Card Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
PAGS | F | PagSeguro Digital Ltd. | -1.77 | |
PAYS | F | Paysign, Inc. | 0.69 | |
CCRD | C | CoreCard Corporation | -4.60 |
Related Industries: Business Services Software - Infrastructure
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
EMFQ | B | Amplify Emerging Markets FinTech ETF | 2.59 | |
FLN | D | First Trust Latin America AlphaDEX Fund | 1.89 | |
FMQQ | C | FMQQ The Next Frontier Internet & Ecommerce ETF | 1.08 | |
DTEC | B | ALPS Disruptive Technologies ETF | 0.94 | |
IPAY | C | ETFMG Prime Mobile Payments ETF | 0.75 |
Compare ETFs
Date | Stock | Title |
---|---|---|
Sep 26 | PAGS | PagSeguro Q2: Strong! Growing Profitably |
- Stored Value Card
A stored-value card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card. Like cash, payment cards can be used anonymously as the person holding the card can use the funds. They are an electronic development of token coins and are typically used in low value payment systems or where network access is difficult or expensive to implement, such as parking machines, public transport systems, closed payment systems in locations such as ships or within companies.
Stored-value cards differ from debit cards, where money is on deposit with the issuer, and credit cards which are subject to credit limits set by the issuer and are connected to accounts at financial institutions. Another difference between stored-value cards and debit and credit cards is that debit and credit cards are usually issued in the name of individual account holders, while stored-value cards may be anonymous, as in the case of gift cards. Stored-value cards are prepaid money cards and may be disposed when the value is used, or the card value may be topped up, as in the case of telephone calling cards or when used as a fare card.
The term closed-loop means the funds and or data are physically stored on the token or card in the form of binary-coded data. This is unlike cryptocurrencies or payment cards where data is maintained on the card issuer's computers. Like payment cards, value can be accessed using a magnetic stripe, chip or radio-frequency identification (RFID) embedded in the card; or by entering a code number, printed on the card, into a telephone or other numeric keypad.
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