What type of e-money uses microchips for storing data that can be used to transfer funds?

A) Stored-value cards
B) Smart cards
C) Intelligent cards
D) Transfer cards
E) Thumbprint cards

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.