Essay on Smart Card

• Even with open installment some type of Smart card is normal for kids, poor people and the individuals who would prefer not to uncover their credit and platinum cards to the framework.

Security-This is a sub-characteristic of the system’s functionality.It relates to the prevention of unauthorized access to the company’s confidential data by using dashboard software.

Security shall be a high priority requirement. Since this system is intended for a wide range of users, it shall be user-friendly, requiring limited training and assistance.

20.) Smart card A smart card is a plastic card about the size of a credit card, with an embedded microchip that can be loaded with data, used for telephone calling, electronic cash payments, and other applications, and then periodically refreshed for additional use.

1. Relate a real-world case study on the Payment Card Industry Data Security Standard (PCI DSS) standard noncompliance and its implications.

Unlike a security access card with a magnetic strip, the smart card has many uses, including building access control and storing value for consumer purchases.

Pay by tap credit cards: This is a permanent physical data storage mean where all credential data is on it, it’s kind of like a black box container where you can use the information store on this piece of object, since this kind of object is easy to steal by an entity, therefore it should be considered as a threat.

The customer retains control over the information to be included on the card. Most companies opt to include their business name and logo along with a membership ID number or the client's name. In addition, the card may also have a magnetic strip, a QR code or a bar code, which allows the business to gather information about the consumer and his or her behavior.

Redesigning of these cards is a part of the Next Generation Secure Identification Document Project. The new cards will have fraud resistant security features and enhanced graphics. These new features will make the cards highly secure and tamper-resistant.

It is likely that the huge number of card breaches at U.S.-based organizations over the past year represents a response by fraudsters to upcoming changes in the United States designed to make credit and debit cards more difficult and expensive to counterfeit. Non-chip cards store cardholder data on a magnetic stripe, which can be trivially copied and re-encoded onto virtually anything else with a magnetic stripe.

This article is very in depth on the EMV cards. It tells you all you need to know such as how to use them or when they will really start using them. They are pretty much making credit cards just as secure as debit but just a little more intense. It tells you how the card works and how you use it on a more simple way

A new type of credit card is starting to become more familiar in the Unites States, called a chip-and-PIN card. The chip-and-PIN cards contain an embedded security chip and a traditional magstripe. This embedded security chip ensures that the card cannot be duplicated, as it masks the payment data uniquely each transaction. The problem with this alternative is that they cost significantly more to make than traditional payment cards and most merchants do not have systems that are capable of accepting the new chip-and-PIN cards. However, in October of 2015 if you have not changed your systems to support chip-and-PIN cards, the liability of the data breach now falls on the merchant, rather than the banks.

27). The Smart Pay and the Smart Pay2 systems were implemented to simplify the micro purchase payments. The SmartPay card assists small business owners obtain quick and easy payments in the simplified acquisition process with the General Services Administration.

If you have a debit card or a credit card in your possession, you 've probably recently received a replacement card without requesting one. Your new replacement card no longer contains the familiar magnetic strip on the back, rather, a small silver little chip placed on the front of the card. That chip is EMV Europay, MasterCard and VISA better known as the Chip Card and it is well underway. The EVM is the global standard for inter-operation

This business is aimed at finding new solutions for the card swapping and pursuing the planning for less risk of the PIN code theft. The Card owner will issue the Thumb Scanner code at the start of the working. Four various market segments have been identified by Smarthumb as they will be more interested in the smarthumb (Kale & Nanda, 2014b). These are the most important segments of markets including,