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Everything you need to know about Smart Cards

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A smart card looks exactly similar plastic card as any other credit/debit card. So, how is a smart card any different from credit card? So, a credit/debit card is made up of simple plastic, on the other hand, a smart has a microprocessor embedded in it. The microprocessor on the smart card provides better security as the data in it cannot be easily read like the magnetic strip on the credit/debit card. Due to its high security, it is rapidly replacing the older issued credit cards used for payments by banks. Smart cards are defined according to how the card data is written and what type of microprocessor chip is used in the card. CONSTRUCTION OF SMART CARDS Smart cards are made of plastic, generally polyvinyl chloride, but sometimes polyethylene-terephthalate-based polyesters, acrylonitrile butadiene styrene or polycarbonate. can be contact, contactless, or both. They can provide personal identification, authentication, data storage, and application processing. Smart Car...

How do NFC/Contactless Payment work?

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Payments can be made with a single wave at the PoS terminal. Contactless Payment uses Near Field Communication (NFC). Contact payment systems can be any smart cards, key fobs, debit cards, credit cards. These contactless payment cards are embedded with a chip and antenna that allows them to wave at the point of Sale terminal to verify the data and hence make the payment. NEAR FIELD COMMUNICATION (NFC) Near Field Communication is the technology that enables two electronic devices generally two portable devices or smartphones by bringing them within 4 cm (1.6 in) of each other. NFC is also used for social networking, for sharing contacts, photos, videos or files. Many smartphones have this technology inbuilt in them. NFC-enabled devices can act as electronic identity documents and keycards. NFC offers a low-speed connection with simple setup that can be used to bootstrap more capable wireless connection. NFC is originated from RFID that facilitates power supply and communicat...