Bookmark
home about us contact us faq sitemap
home
our products
Standard
Bad Credit
Speciality
Instant Approval
Merchant Accounts
Glossary
Newsletter SIGNUP
subscribe
credit cards faq/glossary
The most common questions asked about Credits Cards.
read more INFORMATION
Credit Card Glossary
a b c d e f g h i j k l m n o p q r s t u v w x y z
S
 
Smart card
definition
What does Smart Card mean?

Also known as integrated circuit card, the smart card serves actually several purposes: identification, information storage or even has a monetary value stored thus facilitating transactions. Its application can be found in areas such as simple identification, health care, financial and even computer security.

A very recent growing phenomenon in the world pertaining to the use of smart cards as an identification tool, are the e-ID cards, which are implemented as authentication identity cards which’s system is more complicated than simple id’s. As for the use of smart cards in the medical system, these serve as a compact authentication tool of medical records and other important information from a medical point of view, and the use of these cards will definitely reduce cases of identity theft.
Standard APR Next Word
Previous Word Signature strip
  To Main: S