Smart Cards The Wave of the Future, or Big Brother .ppt

Smart Cards: The Wave of the Future, or Big Brother ? Presented By: Barb Flick Nick Feigner Mojdeh Namin Cathy M Tran Merlin Varaday Introduction Smart Cards are a “credit card” with a “brain” (Rinaldo di Giorgio). Overview of Smart Cards Discussion of technology and history Demographics How different economies use Smart Cards Possible new uses on the horizon Pros and cons of Smart Card use Analysis and conclusion Definition and Technology of Smart Cards General Definition Types of chips on a Smart Card Levels of functionality on a Smart Card Contact and non-contact cards General Definition Smart Card Technology: Goes a step beyond magnetic stripe cards Can hold up to 100 kilobytes of data Can perform complex calculations Provides a greater degree of security May replace E-cash, which has not been too successful Types of Chips on a Smart Card Memory only Microprocessor Has many advantages Advantages of Microproccessor Chips Use EEPROM (electronically erasable programmable Read-Only Memory) Can add, delete, manipulate data on chip Holds data when removed from external power Math co-processors Execute complex transactions Execute complex encryption codes Customers can choose features to use Levels of Functionality Single function cards Memory only, limited use One Application stored in ROM Examples (Phone Card, Retailer Card) Multi-function cards Operating system allows many applications Avoid “purse and wallet bulge” Easily download new applications Cost $3.79 vs. 47 cents Contact and Non-Contact cards Contact module button Reader Devices Contact: contacts the contact pad button Non-Contact: receives antennae signals Development of Smart Card Technology History Timeline Smart Card Demographics Demographics cont… U.S has only 6% of market share 5000 types of issued Smart Cards now 17.8 million world wide users Older vs. younger consumer profile 60% of potential users respond non-favorably to multi-application cards Due mainly to privacy issues How Differe