Pay contactless with the credit card – prepaid credit card.

What may seem like magic to grandma or grandpa is now a matter of course for modern people, contactless payment with a credit card or checking card. And it is a real relief for older people, as you no longer have to push the bank card around and, of course, the wrong way round into the reading slot of the payment terminal.

The contactless payment with the credit card works via the NFC which means “Near Field Communication” in German. This method is an international standard for short-distance data transmission and works by holding your card close to the reader. This then reads the data and, after the payment has been made, sends a signal to confirm that the amount to be paid has been debited.



On the one hand, it is a much more secure method compared to a bank card, for example, since no PIN is entered and no one can access private data. Other advantages include hygiene. You don’t touch any money that went through thousands of hands before, just your personal card.

Also, holding the credit card to the device is much faster than the conventional processing process. You don’t have to carry small change around to be able to pay appropriately! Your card can do that too. The security aspects are no less reliable with this method than with your bank or credit card, since the same high security standards are also applied here, such as dynamic security codes that expire after your one-time use and so there is no risk that they could be copied.



In any case, contactless payment is a very innovative payment method that will become increasingly popular in the future. The reasons for this are also obvious! Why should you carry money around safely when you can do all of your business without money?

There are already places all over Germany where contactless payment is possible. And the trend is increasing. At the moment there are usually rest areas that already offer this service, but in the course of time contactless payment will also prevail in city centers and other shopping opportunities and consolidate its place in society.

Loan, finance – is there a difference between the terms?

Three frequently used terms from the world of business, the meanings of which are often mixed up. In addition to various differences, there is, in fact, a close connection, and both will be explained in more detail here. The most common concept is that they relate – both from an entrepreneurial and a private perspective – to the source of funds; And “medium” means “capital” here.

In other words: All three of the above terms deal with the procurement of capital, whereby the financing itself represents a kind of generic term that refers to every conceivable form of capital procurement. It also covers funds from its own sources, so-called equity. Only with loans and credits does the situation become more concrete, that is to say: These are methods of obtaining debt.

So let’s start with a closer look at the loan

The difference between which and the directly superordinate term, credit, by the way, is that a loan is a form of the same. The loan is a long-term loan in which a credit institution provides a fixed amount in whole or in part.

A distinction is made between the nominal amount and the actual amount of money paid out – also called the nominal amount. This difference is called the damnum, which in turn can appear as a premium (surcharge on the repayment amount) and a discount (discount on the payment amount).

The repayment of the loan plus the interest accrued is made in installments, or in a sum at the end of a previously contractually agreed term, which in practice usually extends over several years.

The explanation of the loan already allows some conclusions to be drawn about the nature of the overarching and more comprehensive term, credit. Generally speaking, this is the transfer of capital or temporary purchasing power.

As mentioned earlier, the loan is just a form of a loan

As mentioned earlier, the loan is just a form of a loan

It must, therefore, be differentiated from other forms such as guarantee, acceptance or discount credit. Loans are usually differentiated according to maturity: there are short-term loans with a term of less than one year, medium-term loans with terms of between 1 and 4 years and finally the long-term loans with terms of more than 4 years, which in most cases the loan that has already been treated also belongs.

In addition to various other features, loans can also be differentiated according to their purpose or their collateral. Common to all forms is that it relates to borrowing in relation to the borrower (the debtor), which brings us back to our generic term, financing.

This ultimately stands for all measures relating to fundraising and repayment, and therefore also includes self-financing or self-financing without borrowing.