security when compare to normal money transaction. But its implementation in the case of Retail payments has not been so popular. But it found really useful in the area of transit payments and Personal Identification. Use this report only for your reference and study. You can also Subscribe to FINAL YEAR PROJECT'S by Email for more such Projects and Seminar. Thanks to the Author for such a Good report.
This paper tries to reevaluate the use of smart card and its importance in the financial transaction.
The smart card has been technically proved to be secure even almost a decade ago. But so far the industries have failed its technological advantage. There were a few implementations of the smart card payment systems and ultimately it did not receive enough attention.
Author:-Tijo Thomas
Source:- IIT Bombay
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