Stored Value Cards

Stored value cards are payment cards that store (or are able to access) value. Stored value cards may be disposable or reloadable. Prepaid debit cards, gift cards, and teen debit cards are examples of stored value cards.

Disposable stored value cards store a one-time fixed amount of electronic cash. Reloadable stored value cards generally store electronic cash on a computer chip and interface with special loading devices that allow a consumer to load electronic cash on the card. Each system could have specific features such as limits on the amount of electronic cash that can be stored or cards that expire after some established time period.

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