Payment Options – Smart Card

Since 1970 the French invention of the Smart Card, technology experts have been trying to insure that privacy, confidentiality, and consumer protections will go hand in hand with interoperability and open system applications.

The following questions have been addressed in this article:

Besides magnetic strips I have seen chips in cards. How does that work?
Because these cards are dedicated to one vendor, how will that help e-commerce transactions over the Internet?
So, what is holding up the access to smart card applications?
Are there other applications that are in development?
Are there any vendor applications that I should watch?

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