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Technology Stocks : PC Sector Round Table
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To: Gottfried who wrote (905)9/23/1998 9:26:00 PM
From: LK2  Read Replies (1) of 2025
 
GM, you're right, the smart card is a solution in search of a problem. The manufacturers (current and potential) are looking for a way to make money off the idea.

The idea (smartcards) has been around for at least a few years, but it doesn't seem to have caught on big yet in the US.

I remember reading a couple of years ago that in Europe, the smartcard was being used much more than in the US, as a way to make payments (sort of like a credit card or an ATM card, except that the money/credit recorded on the card was tied to the card itself, instead of being tied to an individual's checking account/whatever. In other words, the card itself was a cash-equivalent, having a certain amount of buying power because the individual who owned it had alreay paid for that amount of money/credit/whatever.

So using the smartcard for personal identification is just another possible way to use the smartcard.

Regards,

Larry
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