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Journal: International Journal of Computer Science and Mobile Computing - IJCSMC (Vol.8, No. 5)

Publication Date:

Authors : ; ; ;

Page : 149-154

Keywords : Banking; Micro chip; Security; Internet of Things; Magnetic Strip;

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In recent times, there has been a constant increase in usage of plastic cards, used for identification, banking and other such purposes. This technology has bolstered due to its easiness and transparency. It is based on the concept of Internet of Things (IoT). Every card has its specific details and identification factor with the help of which it is recognised. The other processes happen at the backend and the user is unaware of it. Earlier, a magnetic strip was used on each card, now it is being replaced by a micro chip embedded on the card. During financial transactions, security of the user's credentials is a crucial thing. If it is tampered with, results can be fatal.

Last modified: 2019-05-25 21:02:11