Activity
Stored Value Cards Issuing Services
Activity Code
6419007
Activity Group
Banks, Finance & Credit Group
License Type
Commercial
Activity Description
Includes firms specialized in issuing plastic magnetic cards that store information about the funds that have been prepaid to, and is used to purchase goods online or in the traditional points of sale. They are different from the other credit cards that enable holders make the purchasing prior to the payment. It involves the financial and accounting formalities related to clearing and settling the stored values for the cardholders.