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This is a short summary of the paper
Smart Cards

Start of Term Paper
are transforming business around the world from reducing fraud and opening up on-line transactions in banking, personalizing services for mobile phone users, to securing access to PCs and corporate networks, and speeding transportation by usin ....

Middle of Term Paper
... problems through a better methods of protec-tion against theft and fraud. Here is a small list of advantages that are supposed to pro-vide: · can be used as credit, direct debit, or stored value cards. · Reduce fraud, due to the difficulty of counterfeiting the microchip, and due to the mutual authentication required between cards and terminals. · Require transactions to be approved via individual PIN codes, not by signature, again reducing fraudulent use. · Enable loyalty schemes to be effortlessly integrated, giving regular card customers advantageous services (discount on-street-parking, in-store reductions etc.). () ...

Number of Words: 216 Approximate Pages: 1

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