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Commerce Smart card readers are widely used for commerce applications and these are typically used to process card payments for both in-store and for mail order purchases. These readers are typically chip and pin and also offer contactless technology to make the customers transaction quick and easy.
Personal authentication means that you can use smart cards in the same way as user passwords. You can store user credentials on the smart card in the form of a private key and a certificate, and special software and hardware is used to access them.
Smart cards can provide personal identification, authentication, data storage, and application processing. Applications include identification, financial, public transit, computer security, schools, and healthcare.
Smart cards provide ways to securely identify and authenticate the holder and third parties who want access to the card. For example, a cardholder can use a PIN code or biometric data for authentication. They also provide a way to securely store data on the card and protect communications with encryption.
They only need to be close to a card reader to be read; there is no need for direct contact. These cards use radio frequencies or Near Field Communication (NFC) technology to establish a wireless connection.
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Smart cards provide a higher level of security than magnetic stripe cards because they contain microprocessors capable of processing data directly without remote connections. Even memory-only smart cards can be more secure because they can store more authentication and account data than traditional mag stripe cards.
Applications include identification, financial, public transit, computer security, schools, and healthcare. Smart cards may provide strong security authentication for single sign-on (SSO) within organizations.
Smart cards are used for electronic purse payment applications. In this application, the smart card carries a stored monetary value. Cardholders generally use these cards to replace cash in making frequent, low-value transactions.

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