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Electronic Fund Transfer Act
A law that protects consumers when they transfer funds electronically, including ATMs, debit cards, and direct deposits.
Smart Cards
Plastic cards embedded with a microprocessor chip, which can store and process data, used for various applications like credit cards and identity verification.
Stored-Value Cards
Prepaid payment cards where a monetary value is stored on the card itself, not in an external account.
Microchips
Small semiconductor devices that contain integrated circuits, used in a variety of electronic equipments and devices.
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