The debit card owner can make payments for the purchased goods and services and to cash it in the cash machines only up to the amount available on the card account. In the USA the credit cards prevail, in Kazakhstan – debit cards which consist the bigger part of all payment cards.
Both credit and debit cards can be individual and corporate. The individual cards (Customer cards) are issued only to private persons and corporate – only to companies (enterprises).
Corporate card is linked to a companies’ account and can be issued only on a companies’ employee for payment of expenses coming from his business activity and official trips.
In a frame of cards classification on individual and corporate to a separate type the family cards could be divided. They are issued as individual only to private persons but also as corporate could be issued separately for every family member of a card account owner. Family cards in some specified sense are analogue to corporate – the right of making payments under the fixed limits is allowed to the card’s holder family members. Whereby the additional users are supplied with separate personalized cards.
Banking cards could be either separated according to payment systems or Card Associations in frames of which services are rendered. The most widely spread in the world are the cards of the following systems: VISA, EuroCard/MasterCard and American Express (AMEX). One card could be supported and served only by one payment system.
One more type of cards issued in the frame of payment systems is electronic cards. Many payment systems have them. In VISA for example it is VISA Electron, in MasterCard – Maestro. As was mentioned before such cards are non-embossed and intended only for electronic application. They could be cashed in cash machines and used for making payments for the goods and services purchased in the points of sale equipped with special electronic terminals. There are electronic cards which are intended only for getting cash money in cash machines, for example in MasterCard system the card Cirrus.
Virtual money is a special type of electronic money and its appearance is linked to the Internet opportunities. Nowadays there are a vast number of different services rendered in the Internet and paid by cybercash.