Stored Value CardA card which is used to store value such as loyalty points or credit for canteen meals.In Europe, the term is used to denote a card which is issued and redeemed within a closed circuit, in contrast with an electronic purse, which can be used to buy goods and services in the open market. -- ERG trade data forum

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Date Posted: 02:04:38 03/04/03 Tue
Author: In the USA, the term "stored value card" is used more widely, and can denote an electronic purse.
Subject: Stored Value CardA card which is used to store value such as loyalty points or credit for canteen meals.In Europe, the term is used to denote a card which is issued and redeemed within a closed circuit, in contrast with an electronic purse, which can be used to buy goods and services in the open market.
In reply to: 's message, "Electronic purse (E-Purse)Smart cards that contain electronic money as opposed to bank notes and coins (1996, Schlumberger)." on 01:08:48 03/04/03 Tue

Stored Value Card
A card which is used to store value such as loyalty points or credit for canteen meals. In Europe, the term is used to denote a card which is issued and redeemed within a closed circuit, in contrast with an electronic purse, which can be used to buy goods and services in the open market. In the USA, the term "stored value card" is used more widely, and can denote an electronic purse.

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A system whose use is limited to the original application issuer(s). Common closed systems include campus cards, corporate badges, etc. See also Open systems -- Closed systems, 17:53:24 03/04/03 Tue