Industry Profile: Smart Cards

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INTRODUCTION INDUSTRY PROFILE A smart card, typically a type of chip card, is a plastic card that contains an embedded computer chip–either a memory or microprocessor type–that stores and transacts data. This data is usually associated with either value, information, or both and is stored and processed within the card's chip. The card data is transacted via a reader that is part of a computing system. Systems that are enhanced with smart cards are in use today throughout several key applications, including healthcare, banking, entertainment, and transportation. All applications can benefit from the added features and security that smart cards provide. According to Euro smart, worldwide smart card shipments will grow 10% in 2010 to 5.455 billion cards. Markets that …show more content…

As smart cards and other chip-based cards advanced, people found new ways to use them, including charge cards for credit purchases and for record keeping in place of paper. In the U.S., consumers have been using chip cards for everything from visiting libraries to buying groceries to attending movies, firmly integrating them into our everyday lives. Several U.S. states have chip card programs in progress for government applications . In India smart card market is growing with more government involvement in smart cards . smard cards are used every were from Driving lisence to groceries stores. hey provide tamper-proof storage of user and account identity. Smart card systems have proven to be more reliable than other machine-readable cards, like magnetic stripe and barcode, with many studies showing card read life and reader life improvements demonstrating much lower cost of system maintenance. In the world market smartcards have made their biggest penetration, so far, inside wireless phones, TV set-top boxes and security access

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