The term plastic
currency is used predominantly in reference to the hard plastic cards that are
issued by the banks or an authority that provides certain rights to the
customer or the user, some of them being able to make payments, enter into a
secure area with many such other uses.
· The term
plastic currency has been used in different settings to describe wide variety
of payments systems and technologies.
· Plastic
currencies are the alternative to the cash or the standard money.
· Plastic
currency is the generic term for all types of cards such as, Bank cards, Credit
cards, Smart cards, etc.
· Plastic
currency was introduced in 1930 and now it is an essential form of money.
· Citi Bank was
the first bank in 1991 to launch credit card in India.
Let us learn about the various types of plastic currencies, their characteristics and forensic analysis in the given video lecture.
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