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L
Lamfalussy standards
Large-value funds transfer system
Large-value payments
Legal risk
Limited-purpose prepaid card
Liquidity risk
Logging
Limited-purpose prepaid card

A prepaid card which can be used for a limited number of well defined purposes. Its use is often restricted to a number of well identified points of sale within a well identified location (eg a building, corporation or university). In the case of single-purpose prepaid cards, the card issuer and the service provider may be identical (eg cards used in public telephones).