The paper system involves the use of computers and other electronic devices, cash and checks, credit and debit cards , while the plastic-based system uses computers and other electronic devices, cash and checks, credit and debit cards.

Cash management activities that are undertaken without the use of paper documents are called electronic money or cash payment, fiat money management which includes the use of both plastic and electronic payment media.

Underlying these transactions are emergency funding tokens, electronic funds transfer (EFTs) in which funds and information are shifted electronically between the accounts of individuals and institutions. These EFTs are used whenever cash or check transactions are not conducted.

credit or library - cards

affinity or electronic benefit transfer - cards

an ATM card, a debit card allows you to make purchases at the point of sale (POS) terminals in stores and restaurants.

a stored-value card, a debit card is used to withdraw funds immediately from your bank account.

a credit card, an electronic benefit transfer card creates a debt that must be repaid, usually with interest.

9. Electronic versus paper money management-Part 1 What Are Differences Between Plastic-, Electronic- , and Paper-Based Money Management? The term payment medium, or media if referring to more than one medium, is used to describe a device or mechanism used to hold cash make payments. For example, coin and currency is a payment medium, but currency and checks can be considered different payment media. Cash can be held, and payments can be made, using three different media: small sheets of paper, plastic cards, and electronic systems. Non-paperbased systems, while more convenient, have different risks and therefore require greater and different forms of diligence to avoid losses. How are payments made using each of the three payment systems? The paper system involves the use of , while the plastic-based system uses The electronic system employs computers and similar devices to access bank accounts. What is electronic cash management? Cash management activities that are undertaken without the use of paper documents are called . which includes the use of both plastic and electronic payment media. Underlying these transactions are (EFTs) in which funds and information are shifted electronically between the accounts of individuals and institutions. These EFTs are used whenever cash or check transactions are not conducted. Consider the plastic-based payment system and its different media. There are seven general types of media, each with different features and risks. What are they? The seven different plastic media include: - ATM cards - cards - debit cards - prepaid cards - cards - stored-value cards - key fobs/Smartcards Read each of the following statements and indicate which type of plastic monetary management device is being described. Note: The same card can sometimes perform several functions, so think about the general type of card being described-not what you use your own card for. allows you to make purchases at the point of sale (POS) terminals in stores and restaurants. is used to withdraw funds immediately from your bank account. creates a debt that must be repaid, usually with interest