Embossed payment card

 

Meaning of the word: Embossed payment card

Embossed payment card has in addition to the electro-magnetic stripe also embossing. This means that on the card are embossed the data about owner and also about card, which allow you to make payments on the mechanical readers. The cards are suitable mainly for foreign trips to less-developed countries of the world.

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Interest on arrears

Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…

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