What is a smart card? Briefly describe two types of smart cards
What will be an ideal response?
A smart card is an electronic card containing an embedded microchip that enables predefined operations or the addition, deletion, or manipulation of information on the card. Contact and contactless are two types of smart cards. A contact card contains a small gold plate on the face that when inserted in a smart card reader makes contact and passes data to and from the embedded microchip. The contactless card is a smart card with an embedded antenna, by means of which data and applications are passed to and from a card reader unit or other device without contact between the card and the card reader.
You might also like to view...
A contract entered into by a minor is:
a. void. b. voidable. c. binding. d. illusory.
The Smith v. Van Gorkam decision underscores which of the following regarding statements of officers or directors?
a. An outside director, but not an inside director, may in good faith rely upon any statement of an executive officer. b. An inside director, but not an outside director, may in good faith rely upon any statement of an executive officer. c. Any director may in good faith rely upon any statement of an exeecutive officer. d. Not every statement of an executive officer can be relied upon in good faith.