Explain any three advantages of smart card

cbse
emerging-business

#1

Following are the advantages of Smart card :
(i) Accessability of Information : The card can carry personal account, credit and buying preference information that can be accessed with a click of mouse only.
(ii) Financial discipline : Using cards one can manage and control expenditures with automatic limits and reporting.
(iii) Economic : Paying nominal cards without transaction fees associated with credit cards or for amounts too small for cash like reprint charges.