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Name : Madhava Menon
Subject: e-banking and plastic money
Message : In this forum, we already had lot of discussion on e-banking.

Plastic Money is of various forms it could credit cards, debit cards or stored value cards.

The technology can be a simple plastic using a magnetic strip or a smart card which has an in-built chip. It is expected that smart cards would replace the magnetic strip cards as smart cards are more secure the only draw back right now is the cost factor.

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