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Multi-Function Smart Cards |
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With new standards looming in European cards markets, how much functionality should card issuers be building into their new products? This briefing provides the answers.
In a bid to combat spiralling fraud rates, card markets across Europe must make the transition to EMV standard chip and PIN at PoS by 2005. Chip cards provide higher levels of security than magnetic strip cards and also offer the scope to increase the functionality of cards beyond payments. The potential therefore exists to combine credit cards with applications such as loyalty schemes or identity cards. The level of functionality depends on the sophistication of the chip used. Concentrating on the European plastic cards market, this briefing analyzes the background to the transition to chip and draws upon best practice case studies to show what possibilities exist for smart cards. It finally analyzes the factors issuers need to take into consideration, when deciding what level of investment to make in chip - both in the short and the long-term.
http://www.epaymentsnews.com/ePayShop/product_info.php?cPath=21_30&products_id=49 |
