A pay as you go card is cost card that is not linked to a checking account, where the cardholder can only spend up to the amount that has been pre-deposited onto the cardboard. This refers to an electronic system the place…
Industrial banks are subject only to state regulations and do not comply with the Bank Holding Firm Act or face Federal Reserve supervision, providing higher autonomy to these institutions. An industrial bank, also called an industrial mortgage company (ILC), is…