What is an intelligent credit card?
Intelligent credit card is a credit card with a built -in microprocessor used to process transactions. The technology for an intelligent credit card was developed in Europe, where smart cards were developed at the age of 20. Intelligent credit cards have a number of advantages over credit cards that use a magnetic belt, including increased security and flexibility.
These credit cards have the same size and shape as traditional credit cards. The small Golden Gold contact area provides an interface that allows the card microchip to communicate with the reader. Some intelligent credit cards are also equipped for contactless technology. This allows users to wave their credit cards near the reader for payment, instead of having to make physical contact with the reader.
The microprocessor encrypts the account holder and account information. On debit/credit cards, users can choose between the type of transaction they would like to use. Intelligent KR technologyEdit cards are safer than TAF magnetic belt because specialized equipment is needed to read the card. This reduces the risk of fraud, access of unauthorized staff or modifications without the user's consent.
Information stored on a microchip may also contain information on reward programs and other data that can be useful. Store credit cards associated with bonuses for people who spend a certain amount, can insert information about rewards for storage rewards and update them whenever the card is used to provide immediate rewards. In addition, the chip may contain the profile of expenditure that can be used to monitor consumer habits, although some consumers consider this to be a violation of privacy.
This credit card design is not invincible. Intelligent credit card may fail if the chip is damaged by heat, extreme cold or other factors Prosit is. Because the card is flexible, it is possible to bend the card far enough to damage contacts or chip and make the card unreadable. Improvement of microprocessor technology, which is reduced and strengthened by the chip, is designed to solve this problem.
Smart card technology is available from all major credit card companies, although not all credit card issuers support this technology. In the United States where significant infrastructure was developed to support cards with magnetic strips, the intelligent credit card was slowly captured. In Europe, these cards are widely used, along with other smart cards. Smart cards are commonly used for transit and can be used as identification of government programs, access to secure buildings and other purposes.