Glossary
Plastics
In the context of payment systems, "Plastics" is a colloquial term that refers to the physical payment cards made predominantly from hard plastic. This term encompasses the entire lifecycle of a payment card, including its manufacture, customization, and the integration of various security features designed to protect cardholder data and prevent fraudulent use.
The manufacturing of these plastic cards involves detailed processes to ensure durability, functionality, and compliance with industry standards, such as those set by major payment networks like Visa and MasterCard. Enhancements to these cards often include the addition of magnetic stripes, EMV chips, holograms, and other embedded security technologies that help authenticate transactions and secure sensitive cardholder information.
Moreover, the design and production of plastics also consider aesthetic and branding elements, as these cards often serve as a physical representation of the issuing bank or financial institution. The term 'plastics' thus not only captures the materiality of the cards but also their role as secure and branded instruments in the global payment infrastructure.
As payment technologies evolve, the traditional concept of plastics is also expanding to include newer, more secure materials and digital integration that pave the way for future payment methods while maintaining critical security and functionality standards.