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What is Smartcard?
It is a vinyl card incorporating a silicone microchip and an antenna. The chip engrossed on the card has a 1 to 64 KB memory and a micro processor with an operating system inscribed on a ROM.
Application Areas
It is possible to run more than one application on this card. For instance, a smart card can be set to operate as an ATM card, credit card, membership card, electronic wallet (e-wallet) and an electronic ID card (e- identification card), simultaneously.
A Few Precautionary Measures