Aladdin Knowledge Systems (ALDN) Message Board

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Technology Stocks : Aladdin Knowledge Systems (ALDN)

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To: Jerome Wittamer who wrote (193)	2/25/1998 4:24:00 PM
From: Gerald Walls	Read Replies (2) of 351

I don't see an advantage of a smart card over a credit card unless the transactions are anonymous and then there are privacy advantages. Functioning: go with the smart card (which can be the same as your debit card so you save place in your wallet) to the ATM, put your card into the reader and load it with e-cash. The money is immediately withdrawn from your current a/c. That's as easy as taking real cash. And you can run out just like with real cash, even though you have tons left in the bank. What are you out if you lose a smart card with $500 on it? $500? What are you out if you lose a credit card with a $5,000 max? $50 max if you report it promptly, $0 max if you report it before the first illegal use. And as long as you have credit left you don't need to go to the ATM to refresh it. When at a store you insert the card into a small reader, the cashier types the amount and you just push OK, it really takes no more than 4 seconds ! With a credit card it takes about 10 to 15 seconds plus a signature. At the gas station I insert the card into a reader in the pump, pump my gas, and pocket the receipt. I just don't see the allure of smart cards.

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