SMART CARD

Smart card used for health insurance in France SMART CARD: A smart card is a small, tamperproof computer. The smart card itself contains a CPU and some nonvolatile storage. In most cards, some of the storage is tamperproof while the rest is accessible to any application that can talk to the card. This capability makes it possible for the card to keep some secrets, such as the private keys associated with any certificates it holds. The card itself actually performs its own cryptographic operations.

Consumer Benefits: *Convenient, * Easy, *Safe, *Enabling and *Empowering. *Smart cards are better than the cards they replace, and open the door to new uses. *They are a secure platform, capable of carrying multiple applications, an improvement over magnetic stripe cards, which require us to carry a separate card for each application. * So, in addition to thinner Wallets, lets review how they may help our lives.

Contact-type smart cards may have many different contact pad layouts, such as these SIMs

Key benefits is the new customer loyalty scheme for smartcard holders, (example: brought to you by Oxford Bus Company.) Key benefits offer smartcard holders great discounts at several of locations, including, *Cafs,

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* Bars, *Restaurants & *Theatres

Credit cards Main articles: Contactless smart card and Credit card These are the best known payment cards (classic plastic card):

Visa: Visa Contactless, Quick VSDC"qVSDC", Visa Wave, MSD, pay Wave MasterCard: Pay Pass Magstripe, Pay Pass MChip American Express: ExpressPay Discover: Zip

Roll-outs started in 2005 in USA. Asia and Europe followed in 2006. Contactless (non PIN) transactions cover a payment range of ~$550. There is an ISO/IEC 14443 PayPass implementation. Some, but not all PayPass implementations conform to EMV. Non-EMV cards work like magnetic stripe cards. This is a typical USA card technology (PayPass Magstripe and VISA MSD). The cards do not hold/maintain the account balance. All payment passes without a PIN, usually in off-line mode. The security of such a transaction is no greater than with a magnetic stripe card transaction. EMV cards have contact and contactless interfaces. They work as a normal EMV card via contact interface. Via contactless interface they work somewhat differently in that the card command sequence adopts contactless features such as low power and short transaction time.

What are the major benefits that smart cards offer consumers? Smart cards contain unique features that bring many benefits to both consumers and issuing organizations:

Feature Security

Benefits chip is tamper-resistant information stored on the card can be PIN code and/or read-write protected capable of performing encryption

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each smart card has its own, unique serial number Intelligenc e capable of processing, not just storing information Smart cards can communicate with computing devices through a smart card reader information and applications on a card can be updated without having to issue new cards chip is tamper-resistant Smart cards provide a portable, easy to use form factor that many are familiar with using

Convenien ce

Benefits
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There are numerous benefits to be realized from the use of smart cards. For many businesses, smart cards are more cost effective in the long run.

They make it possible to eliminate the need for large and expensive centrally located computers with phone lines open 24/7 in order to facilitate different transactions. The portability of smart cards makes them a wise choice in remote locations where wired communication is not readily available. Many schools and colleges may be made more secured with the more reliable method for entering campus buildings.