Part one of term paper
A Smartcard is a standard credit card sized plastic card with an integrated circuit embedded in it. This integrated circuit includes a microprocessor and a bit of memory, which together hold information in electronic form and controls who uses the information and how they use it. The ability to store and control many different types of infor ...

Part two of term paper
... it which can be easily understood by the card holder as well as the people the card holder meets. The integrated circuit holds information in electronic form that can be easily, securely and accurately accessed by all sorts of electronic data processing equipment. Some are smarter than others, the smartness of a card depends on the complexity of the embedded processor, as well as the software that is installed on the chip. Even the simplest cards, like the pay phone cards, are smart enough that th ...