Those cards automatically deduct money for purchases from prepaid accounts or charge them to a personal account.
Donations are added to monthly cellphone statements or debited from prepaid accounts.
Unlike postpaid or contract based services, prepaid accounts can be obtained with cash.
Students use the machines to get cash from prepaid accounts for snacks, laundry and other campus services.
As cars pass the reader, it detects the tag and subtracts a set amount of money from a prepaid account.
A computer reads the tag each time the car goes through an electronic gate, and deducts the toll from the prepaid account.
A computer reads the tag as the car goes past and deducts the toll from the motorist's prepaid account.
The system deducts the toll from the driver's prepaid account and sends the driver a monthly statement.
Winnings and losses will be handled through prepaid accounts.
He said consumers increasingly want flexible payment options, like prepaid accounts that let parents control their children's spending.