Cash Replacement 101: Acceptance and Risk Management

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively will enable a transaction without cash or (almost) replace cash.

What started as a card in 1950, supported by relatively simple issuance and clearance, has evolved into a highly sophisticated global network. The plastic card evolved into a smart card, which evolved into a virtual card, and which now seems to be evolving into an invisible card powering invisible payments across all kinds of ...

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