Prepaid Cash Card - TnG

Prepaid cash card also known as stored-value card. This is a kind of card that has monetary value preloaded onto it and is usually rechargeable. It is plastic and has a magnetic strip on the back. Consumers can use stored-value cards to make purchases, off-line or online, just as the way they used their debit or credit card. The only difference is people can obtain this prepaid cash card without regard to prior financial standing or having an existing bank account as collateral (King, Mckay, Marshall, Lee, Viehland 2008).



As for Malaysian, the most popular brand of prepaid cash card is definitely the Touch-n-Go card (TnG). TnG was developed by Teras Teknologi Sdn Bhd and the first TnG system was installed and use at JLN Pahang Toll Plaza on 18 March 1997.

Nowadays, TnG is an electronic purse that can be used as a mode of payment for highways, public transportation, parking at selected places and theme parks. Each time a consumer uses TnG, the electronic card reader (RFID) will deduct the exact fare or charges from the value stored inside the card. Consumer can top-up or reload the card with a predefined amount to continue using it.

TnG enhances the speed of paying for low value but high frequency transactions. It is also very convenient because consumer no longer need to prepare for small change or queue at the cash lane to complete the transaction.

Below is the flow of TnG transaction:

1. Customer buys or reloads the TnG
2. Rangkaian Segar banks the prepaid money into a trustee account
3. Customer uses card to pay
4. The prepaid value in the card is deducted to pay exact fare
5. The CCHS system will automatically capture, process, update and store all electronic transactions
6. Trustee will pay services providers the exact amount DAILY

To read more regarding TnG, visit the following links:
- http://www.touchngo.com.my/index.jsp
- http://www.eis-tech.net/?p=12