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WATCH #Finance | Why SMART Cards Are A Better Option than NORMAL Credit Cards #India #Money
-When you shop using a credit card, you are supposed to swipe your card and then sign which can be easily read, written, altered or duplicated.
- The microprocessor in smart cards makes it almost impossible to be breached due to cryptographic algorithms.
-If you lose your smart card then it can be disabled right away and once it’s done there is no way anyone can access the information stored in it.
-A smart card can be used to store information in it. Other than your bank account details
-You can link your emergency contact information, driver’s license or even phone calling cards.
-Smart cards can’t be swiped and used. They require special readers in which you insert the chip side of your card.
-There are also ‘contactless’ smart cards that read the information with the use of Radio Frequency Induction Technology to send money.
-All these technologies are much better and safer than normal swipe and sign. Watch the Video now for full details :
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