Crossword Genius

Weekend runabout in Ring is swiped by sales assistant in payment

Ross

I believe the answer is:

bank card

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'swiped by sales assistant in payment' is the definition.
I can't tell whether this definition defines the answer.

'weekend runabout in ring' is the wordplay.
'weekend' becomes 'k' (I've seen this in other clues).
'runabout' becomes 'car'.
'in' is an insertion indicator.
'ring' becomes 'band' ('band' can be a synonym of 'ring'**).
'k'+'car'='kcar'
'kcar' placed inside 'band' is 'BANK CARD'.

'is' is the link.

Can you help me to learn more?

(Another definition for bank card that I've seen is " Plastic money".)

I've seen this clue in the Irish Times.
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