Question

Explain the term Smart card, Digital cash.

Answer 1

SMART CARD

a plastic card with a built-in microprocessor, used typically to perform financial transactions

DIGITAL CASH

Digital cash is a system of purchasing cash credits in relatively small amounts, storing the credits in your computer, and then spending

Answer 2

electronic processes including personal identification, access control, authentication, and financial transactions. Smart card readers obtain or “read” this type of data. These easy-to-install devices read the data that is stored on contact or contactless 13.56 MHz smart cards.