Advance commerce through innovation

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Advance commerce through innovation

Smart cards make perpetrating fraud considerably more difficult than "traditional" magstripe cards. In regions where offline processing is the dominant method for processing transactions this especially is true. As a result — and even though we have driven payment card fraud to an all-time low — our industry is now seriously exploring how smart card technology can become the primary driver in the evolution of payment card security.

The offline world is not the only place where smart cards can enhance security. With consumer online banking and ecommerce in general on the rise, the industry has been moving quickly to implement solutions that include stronger authentication. Smart card technology has been at the heart of ...

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