Smart card and its optimal use

22/5/2017 12:00 am

Dr.. Mostafa Kamel Rachid

Banks around the world have long sought to adapt the rapid development of information technology in the banking industry. The bank card has been invented to reduce the number of banking services and make users more satisfied and comfortable when using them.

Which leads to more effective activities
Miscellaneous banking.

The plastic card was issued as the first form of the bank card and then it developed according to developments in the quality of banking services, as well as the development in the security field to avoid the penetration, fraud, theft and access to bank accounts, until modern technology reached what is now known as smart card.

As an electronic chip infinitesimal be deposited in a plastic card is used in order to benefit from the borrowing and deposit operations, as well as the rest of the services
Banking.

The smart card features many possibilities such as quick change of bank balances as well as changing the secret code and easy to withdraw ordinary cash, in order to benefit from the completion of regular transactions and purchases in the markets and transactions in the business world with high ease and secure through the electronic outlets known as (POSs ), which are in the form of a special device Smart diffuse in all commercial centers cards
 And institutions.

So I took smart cards spread spectacularly across the world because of its success in the reduction of many credit activities and provided many advantages in the local daily trading
And international organizations.

Many Iraqi banks have recently tried to use the smart card in banking transactions, where a number of smart card companies have been contracted in the world such as cards, cards, cards, kart cards etc. However, it is interesting to note that the Kart card product is the most widespread in the world. And this confirms the fact that this company has been well received in the public and private institutions in Iraq because of the efficiency of the company in attracting customers as well as the establishment of a database with public institutions in order to facilitate the flow of cash balances between banking institutions, Diversification of smart cards companies in order to create a competitive environment that is working to provide better services to customers.

The idea of ​​using the smart card is in order not made using liquid cash directly in the completion of daily transactions only through them, ie they act on behalf of the use of money that can be difficult to carry and promise as well as the risks involved.

Thus, the smart card has saved time, effort and cost to all parties and this is the optimal use of it, but that what is happening today in Iraq is that most users of smart card to monetize the balance contained in the card in order to complete the daily transactions of individuals, and this is an incomparable use of those The blame may not be on the customer only because he is not aware of the importance and uses of the card, but there are shortcomings by most banking institutions in the adoption of ongoing awareness campaigns through the media channels the importance of using smart card and what is the best use of them, The spread of electronic sales points in most commercial centers, which led the final outcome to the indifference of individuals in the use of the card
 Smart.


http://www.alsabaah.iq/ArticleShow.aspx?ID=137546