Smart Card technology to prevent fraud

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Revision as of 03:42, 2 December 2007 by SJakubowski (Talk)
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Smart Card technology to prevent fraud is a summary of various ways that fraud can be prevented using smart cards. This wiki page mainly deals with fraud in Visa and Debit cards.

Contents

General Facts about fraud

  • Data Protection
  • Ease of Use
  • Easy to Transport Information
  • Relatively Cheap and Efficient


General Facts about Smart Cards

  • Smart cards use a microchip embedded onto the card.
  • The chip uses no power, the reader provides the power and reads the information from the chip
  • Smart card chips are encrypted
  • They use RSA and DSA encryption algorithms

Problems with Smart Cards

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Future of Smart Cards

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General Tips to Prevent fraud

  • Hide your PIN
  • Watch for signs of tampered card readers
  • Don't lend out your Credit card or Debit Card

See Also

HaveFunWithCasWiki
[SJakubowski]
[Cavaliaj]

Retrieved from "http://wiki.cas.mcmaster.ca/index.php/Smart_Card_technology_to_prevent_fraud"
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