Pre-paid cash card

What is a pre-paid cash card?

When you open a prepaid credit card account by depositing money into that account, it is the same as how you would make a deposit to open a checking or savings account. Once you have money in your account, you're issued a prepaid credit card that can be used anywhere one would use a regular credit card. The best part of the prepaid credit card is that you can charge to your heart's content and you won't be in debt. The money is yours and once it's gone, you can't spend any more until you make another deposit. There are no bills and no interest charges. It's the same principle as using a debit card linked to a savings or checking account.

More information on pre-paid cash card:
1)Prepaid Credit Card Guide
http://www.prepaidcardguide.com/
2)wisegeek
http://www.wisegeek.com/what-are-prepaid-credit-cards.htm

Cool. But seriously i don't need something like this. Why? Maybe because i rarely spend on anything unless i really need to or have to. Shopping is something i hate, i don't like the idea of spending my time looking around and buying stuffs. I prefer buy the stuffs i want and get as fast as i can back home. That's for me though. For consumers, i think this a very good way for them to manage their spending and its very convenient too.

Here are examples of pre-paid cash that are being in use now.

In Malaysia, there is the touch-n-go card. It is a card where you reload money into it and use for various purpose. Well most people use it to pay toll charges beside that i haven't seen anyone use it for anything. Heh, such as waste using a card with many potential. Well it is announced that the services of the touch-n-go is going to expand to the retail and the fast food industry.

For more information: My E-Commerce http://ecommerze.blogspot.com/2008/04/using-touch-n-go-card-to-buy-fast-food.html

Touch-n-go in my opinion is not a very good product as not many people are using due to the fact that it has limited services and the new services being introduced are old stories compare to other countries in the region. Take a look at Hong Kong and it's octopus card.

Being a pre-paid cash cash as Touch-n-go, it has a faster developement where from just for transportation it expanded to various usage including what touch-n-go is going to implement now. It circulation is around 10million more than the island population itself. Touch-n-go seems inferior to it.
For more information on the octupus card:
1)Hong Kong Travel
http://www.hong-kong-travel.org/Octopus.asp