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Advantages and Disadvantages of Smart Cards

Smart cards are next-generation technology for the business like e-commerce or banking transactions and also personal processes. any technology has a level of flexibility and complexity, and it brings both advantages and disadvantages to businesses that adopt them. in this article, we offer you first the advantages of smart cards and secondly the disadvantages of it.

What is a smart card 

A smart card is a type of chip card Similar in size to today’s plastic payment card, the smart card has an integrated circuit either a microprocessor or internal memory chip embedded in it that, it stores, identifies and transacts data which is usually associated with either value, information, or both and is stored, processed and secured by a secure microcontroller chip or equivalent intelligence. The card data is transacted via a reader that is part of a computing system. Systems that are enhanced with smart cards are in use today throughout several key applications, including healthcare, banking, entertainment, and transportation.

The most common smart card applications are (Credit cards, Electronic cash, Computer security systems, Wireless communication, Loyalty systems, Banking, Satellite TV and Government identification).

Advantages Of Smart Cards

Smart cards provide different ways to securely identify and authenticate the holder and others who want to gain access to the card safely through A PIN code or biometric data. With a deeper understanding of the significant and unique features and advantages of smart cards, consumers and issuing organizations are more likely to worth considering the idea of using them. Here are the other advantages of smart cards: 

1. due to they consist of a tamper-resistant microprocessor, they have interesting processing power to protect the information, encrypt and execute instructions from specific programs. a result of that, smart cards are offer high security and confidentiality than other financial information or transaction storage vehicles and are used worldwide in applications where the security and privacy of information are critical requirements.

2. The smart card was programmed to be read flexibly and easily by a wide range of devices and readers or by multi-technology readers and in various expandable locations by adding new control panels and readers.

3. These cards support digital signatures, which can be used to check the guarantee and validity issues by the organization and that the data on the card is correct and has not been changed fraudulently since the issuance.

4. Smart cards have two different types of interfaces: contact and contactless which is indicated to making physical contact with the reader or not. So smart cards can help protect corporate information networks — so-called logical access control, and also with physical access control for entry into a facility. For example, IT departments seek logical access as a lock on a company’s information on the computer network.

5. Smart cards can support a wide variety of functions and high capacity to store information on the card and the flexibility for securely adding information. 

Disadvantages Of Smart Cards

1. Smart cards are small and light-weighted. They are maybe lost or forgotten in case of any use. Because of their multiple uses, their loss can cause serious damage and inconvenience to the owner or loss of important information stored on it without taking backup in advance.

2. Smart cards will face the problem of the high price of product complements. While smart cards themselves are nearly cheap, card readers are not. However, in an effort to make smart cards more used, companies are tried to create and propose solutions. 

3. The biggest problem facing smart cards is their level of security. In order for smart cards to reach their full potential, must be able to interact with a host of interfaces. And it must be done so securely. But there is an issue with security involves the public perception of the technology and people might not be aware enough about how protecting their card and the personal details it holds. because they believe that the cards are secure. but they are not aware that all of the information gleaned from the smart cards’ use is collected and analyzed somewhere and somehow.

4. For example, If you are using a payment card. it may be any store or restaurant that will not have the hardware necessary to use these cards. that means is the smart card is more secure, but it is also more expensive to produce and use. and stores or merchants may charge you extra fees as a user for using a smart card in payment, not cash, or because they have provided you with the corresponding hardware device for your smart card.

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