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Essay text:
For business of financial transactions is very competitive and fast-changing, banks are always seeking for new valuable services for their customers. Smart cards give an ability to deploy and manage multiple ap-plications on a wallet-size plastic card. Smart card technology also prom-ises to resolve the security problems through a better methods of protec-tion against theft and fraud.
Here is a small list of advantages that smart cards 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...
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