What are the issues with smart card?

The biggest problem facing smart cards is security and the problem is two fold. The first issue is that not all smart cards are in fact secure. VISA and MasterCard developed a new standard, SET, in early 1996 in an attempt to get the entire industry on a standard of encryption.

Are smart cards obsolete?

The smart card in its broad definition, meaning a standalone passive physical credential, will almost certainly not be obsolete in the next ten or even twenty years.

How long do smart cards last?

3 to 10 years
technologies. Smart card technology is an ideal Green I.T. tool. It is a very familiar portable object with a long life cycle (3 to 10 years) and a light carbon footprint.

What is the future of smart cards?

The future of Smart Cards is looking bright. The many existing and potential benefits smart card has to offer both the public and the private sectors of the industry raise the interests of many large corporations such as Wachovia and Motorola.

What is a potential drawback to using a smart card as a method of authentication?

Their initial costs — and costs of the card readers — will have to be weighed against the benefits of smart cards. There is also the risk of man-in-the-middle attacks, in which a bad actor can intercept communication between the server and authentication system.

What are the disadvantages of a smart card?

Disadvantages of smart cards

  • A more powerful virus.
  • Discomfort to retrieve information from a stolen card.
  • For its size can be easily misled.
  • The card must be recharged.
  • Increased cost of production.
  • Dependence of electrical energy for use.
  • Vulnerable to fluids.
  • Bank fees associated with credit card.

How much does a smart card cost?

Although there are many inexpensive reader options, smart cards themselves are typically more expensive than other options, such as proximity-based RFID cards and magnetic stripe cards. On average, they cost about $50 per card to deploy if the issuance costs are included on top of the physical card production.