Write a 1,000 to 1,250-word paper that addresses the topic and, specifically, th

Question

Write a 1,000 to 1,250-word paper that addresses the topic and, specifically, the following questions: What is the history of "smart cards"? Which industries have utilized smart card technology successfully? Explain the concept of "stored value" as it applies to smart card technologies and describe how this feature might be utilized by consumers to obtain health care services. Explain how smart cards can reduce fraud and streamline administrative procedures. What are the futurist projections for the use of smart cards in 5 to 10 years?

Explanation / Answer

A stored-value card is a payments card with a monetaryvalue stored on the card itself, not in an external account maintained by a financial institution. Stored-value cards differ from debit cards, where money is on deposit with the issuer, and credit cards which are subject to credit limits set by the issuer.

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