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What Is “smart Card”? |
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Answer» The Smart Card is an Integrated Circuit Card (ICC) to store information. It is a CASH card or we can say ‘electronic purse’ which is a pre-paid cash card. The card provides an option to the customers for debit and credit facilities. These cards can be reloaded by ATM or by telephone. It REDUCES the need of carrying cash for shopping and enables the card holder to increase the amount at any time. The Smart Card is an Integrated Circuit Card (ICC) to store information. It is a cash card or we can say ‘electronic purse’ which is a pre-paid cash card. The card provides an option to the customers for debit and credit facilities. These cards can be reloaded by ATM or by telephone. It reduces the need of carrying cash for shopping and enables the card holder to increase the amount at any time. |
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