Financial

In the financial industry, the smart card offers the most opportunities for a wide array of new products and services. One of this main focus is the payment system and how smart cards are changing the way transactions are carried out.

Now...

We use coins and banknotes to pay for our groceries and bills and so, we carry heaps of them in our wallets whenever we do our long lists of shopping. Credit cards maybe the alternative here but to buy simple things like newspaper or stamps or just about anything that costs $5 or less isn't worth the transaction costs at all.

With a smart card...

1. It is a stored value card or an electronic purse that holds a certain amount of money value previously paid for by the cardholder. Used for paying on

   	machines that supports a smart card reader
   	Just slot the smart card into a smart card reader and the cost of the item purchased will be deducted from the value remaining in the card.
   	from home
   	Slot the card into a smart card reader, connected to our own personal computer via a serial port or having a PCMCIA card in the iternal slot of our computer.

2. It is used as a normal banking card for cash withdrawal from ATMs.

Smart Benefits

	Substitute cash and reduce cash handling
	Portability across home or office personal computers, automated teller machines, public and private phones.
	Large capacity to store personal financial data
	Supports multiple applications
	Interactive technology to compute and store information, even from different locations

Where you can use it

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