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Smart cards are plastic cards with embedded microchips that can store data and be used for phone calls, payments, and other applications. They serve as portable and secure storage for information like medical records, licenses, and notes. While currently used for paying TV, phone, transportation, and ATM withdrawals, smart cards are expected to gradually replace financial credit and debit cards due to their added usefulness.

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Sailaja Deol
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12 views

Fisppt

Smart cards are plastic cards with embedded microchips that can store data and be used for phone calls, payments, and other applications. They serve as portable and secure storage for information like medical records, licenses, and notes. While currently used for paying TV, phone, transportation, and ATM withdrawals, smart cards are expected to gradually replace financial credit and debit cards due to their added usefulness.

Uploaded by

Sailaja Deol
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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SMART CARDS

Definition:
A smart card is a plastic card about the
size of a credit card, with an embedded microchip that can be
loaded with data, used for telephone calling, electronic cash
payments, and other applications, and then periodically
refreshed for additional use.
Data carrier:
Smart cards can be used as a convenient, portable
and secure means of storing information such as medical
records, driving license data, car maintenance records, as an
electronic note pad, etc.
Financial usage:
Smart cards can be used in
some of the areas of applications are paying for TV,
telephone/electricity, ATM cash vending, etc. it is expected
that financial credit cards and debit cards are likely too
gradually get converted to the more useful smart cards in
the near future.
Types of smart
cards:
Contact smart cards
Contactless cards
Super smart cards
Financial applications:

Debit and credit cards

Electronic cheque

Electronic cash

Electronic token

Cash management services

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