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PâCards are not limited to plastic cards; they can also take the form of non-plastic account numbers. The term card is typically used within the industry when describing any type of Commercial Card product, regardless of whether or not a plastic card is issued. One variation of a PâCard is a: 1  Ghost Card/Ghost Account â a card account that an end-user organization issues to a specific supplier or supplier type and the supplier processes all of the organization's purchases to the account; functions like a P-Card.
The current account is also known as checking account or a transactional account. Key Differences Between Savings Account and Current (Checking) Account The difference between savings account and current (checking) account can be drawn clearly on the following grounds: Savings account refers to an account that is meant for people who keep their saving to fulfil their financial requirements in future. Current (Checking) account is an active account which is meant for day to day monetary transactions.