An independent guest blogger wrote this blog.
In this modern age, there’s been a significant improvement in the digitization of traditional payment methods. We live in a technologically advanced era, and as such, advancements in payment infrastructures makes life easier, transactions faster, swifter, and smoother.
Almost all countries in the world are adopting the cashless economy policy. Smart cards are generally utilized by these countries to implement the cashless economy because they aid the seamless transaction of trade and settlement of other financial instruments.
What is a smart card?
A smart card is a type of pocket-sized device which looks like a credit card but has an embedded Integrated Circuit (IC) that can process data and allow the user to perform any transaction. The IC chip on the Smart card can be a microprocessor with memory capacity or a simple memory circuit that processes, manipulates exchange, and stores…
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Posted by: David Smith |
The post How Smart Cards Work appeared first on Cybersecurity Insiders.
January 27, 2020 at 09:10PM
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