A functional card management system is what makes smart cards so useful especially in present times. In fact, smart cards are becoming more common in one’s wallet than cash. But what makes using smart cards more complex compared to paying using actual bills is that some smart cards, specifically those are given out by banking and lending institutions contain vital information about the cardholders. Why is it complex to use if you may ask? Let’s say you’re someone who is not so careful with your things. This means you are terrible at making sure your things are safe. If you lost your smart card that act as your bus pass or key to your office door, you’re so doomed. But what if your smart card is your credit card? It’s more complicated. Although a card management system can track and control what the credit card can do, once you lost your credit card, you will have to call the company to have it locked right away. If the credit card was used before it was locked away, it’s your responsibility to pay the amount the person who used your card, purchased in that small period of time.
Aside from credit and debit cards, there are other usages of smart cards that are given out by various companies by employing of use of a card management system which basically manages and controls the life span of smart cards. What are other things that smart cards can do? Below are some of those things:
- The most common type of smart card that is known to mankind is the SIM card. Nowadays, SIM cards for mobile phones are now the nano-type cards which are smaller and carry more things than the old variant of the SIM cards.
- If you love shopping, some shopping malls have loyalty cards or cards that carry stored values. Those smart cards continue to accumulate points every time you use them when shopping. Accumulated points can get you freebies and discounted items.
- Smart cards are also used for healthcare services especially in more urbanized countries. These cards will enable patients to get discounts from doctor’s fee and other hospital expenses.