Saturday, January 29, 2011

Benefits of Smart Card

Ø Less network cost - Online/offline transaction.
Ø Fraud will be avoided (Microprocessor, Cryptography, Secret Code, Dynamic Code) That code only known to the Issuer
Ø Memory
ü Public Memory
ü Private Memory
Ø Corruption not reduced fully.
Ø Smart card supports the Multiple Application.
Ø The primary benefit from the use of a Smartcard is increased security. Smartcards are inherently more secure than conventional magnetic stripe cards and this brings tangible benefit to both the card issuer and the card user. 

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