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What are the benefits of smart cards over magnetic stripe cards?

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What are the benefits of smart cards over magnetic stripe cards?

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Smart cards allow thousands of times the information storable on magnetic stripe cards. In addition, smart cards are more reliable, perform multiple functions and are more secure because of high security mechanisms such as advanced encryption and biometrics. Smart cards can and will hold a large amount of personal information, from medical/health history to personal banking and personal preferences. What steps need to be taken, and by whom, to guarantee the privacy of that information to the card holder? Privacy is a technology-neutral issue. It doesn’t matter whether information is recorded on paper in a doctor’s office file or resides in a payroll application on a mainframe computer. It is important to consider the privacy of information form the time it is collected, through the life of its use and until the time it is no longer needed and securely destroyed. It is not enough to protect information on a smart card. You must be equally concerned about all forms of the information fro

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