The smart card is one of the digital icons of the latest information epoch. Smart card technology is made available in the market to gain access for products and services, verifying identity, establishment and to facilitate trade. Recently Mexico government has issued two millions smart cards for poor people for their cash benefits and distributing food. In a fresh survey it is found that 27% of smart card applications used within the banking, 18% is used within the welfare and health, and 15% within the transportation. It is also applicable in other applications such as radio security, metering, telecommunications and identification.
This smart card technology offers potential benefits to society and so many of the organizations and individuals are proudly maintaining a business relationship between the clients, suppliers or government authorities. Smart card can also be used as a portable storage device for different purposes and it has the capability of holding more data of different forms. Smart cards are designed by taking the following characteristics into consideration: memory management, security, open platform and portability. To know more about this technology in a technical manner and its working procedure, let us follow the below information.