Payroll cards,government benefit cards,and prepaid debit cards are all examples of ________ cards.

Question

Quizplus · Accepted Answer

Payroll cards, government benefit cards, and prepaid debit cards are all examples of open-loop cards. Open-loop cards can be used at various merchants and locations that accept the card issuer's network, such as Visa or Mastercard. Closed-loop cards, on the other hand, can only be used at specific merchants or locations, such as store gift cards. Contactless and EEPROM refer to different technologies used in card payments but are not applicable to the given scenario.

Payroll Cards,government Benefit Cards,and Prepaid Debit Cards Are All Examples