Presentation on theme: "By : Andrea Hairston Penn State Fayette IST 110. Credit cards purchases goods without the immediate use of cash. Receives a bill every month. If not paid,"— Presentation transcript:
Credit cards purchases goods without the immediate use of cash. Receives a bill every month. If not paid, charges will be charged. Information stored in the card. Used to pay over time the money. Card used without the hassle of cash. Withdrawn directly from the bank account. Know exactly how much money is being taken out. You are not spending the money you do not have. Safer than cash itself.
Magnetic strips on the back that processes the transaction being made. Debit card you swipe and then enter a pin. Credit cards you can swipe but requires a signature. Transactions are made fast and easy.
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