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A prepaid mobile device, also known as a pay-as-you-go ( PAYG ), pay-as-you-talk, pay and go, go-phone, prepay or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 (the typical age of contractual ...
Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.
Suica ( Japanese pronunciation: スイカ, Suika) is a prepaid rechargeable contactless smart card and electronic money system used as a fare card on train lines and other public transport systems in Japan, launched on November 18, 2001, by JR East. The card can be used across the nation as part of Japan's Nationwide Mutual Usage Service.
Mastercard Maestro is a brand of debit cards and prepaid cards owned by Mastercard that was introduced in 1991. [1] Maestro is accepted at around fifteen million point of sale outlets in 93 countries. [2] On July 1 2023 Mastercard began phasing out Maestro across Europe. European banks and other card issuers are now required to replace expired ...
Electronic reloading. With prepaid mobile phone service, topping-up or reloading is needed to continue using the services of the operator. There are several ways to reload a prepaid mobile phone. The most common approach involves purchasing a prepaid card. However, due to security concerns and for added convenience, electronic reloading has ...
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