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Smartcards
Beginning of essay
A Smartcard is a standard credit card sized plastic card with an integrated circuit embedded in it. This integrated circuit includes a microprocessor and a bit of memory, which together hold information in electronic form and controls who uses the information and how they use it. The ability to st ....
Middle of essay
....ty.
History behind
In January 1974 Roland Moreno, a Frenchman and former reporter, devised a revolutionary new payment system. His idea was an electronic stored value application mounted on a ring. His idea was simple, when the bearer needed money, they would “load” the currency onto the ring therefore enabling the bearer to be able to spend electronic money at a store which had the suitable electronic equipment. Then in March 1974 Roland presented his project to a few French.... |
| Number of words: 988 |
Approximate pages: 4 |
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