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Smart card

Smart card Definition

A plastic card with a microprocessor chip in it. Smart cards used for financial transactions typically resemble a credit or debit card, and are able to store a great deal more information than standard credit cards that use magnetic strips or barcodes. Smart cards also have added security capabilities that help to keep information more secure than a magnetic strip card.

RELATED TERMS
Credit card
Debit card
Stored value card
RELATED CATEGORIES
Banking







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