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Online Systems and Chips : Ruling over Transactions Different modern technologies stick out give us great benefits that made our lives easier . But everything thoroughly and remarkable will always spend a penny disadvantages that we besides have to deal with . Examples of this modern engineering that contributed benefits for us is the online minutes and tab panelsElectronic Payment SystemSome costumers use electronic pay ashes for an profit transaction such as PayPal because nowadays , reference book card substance abusers be hesitant to provide character reference card development over the internet due to bilgewater of some unprincipled merchants . With this type of transactions it is more guaranteed that your trust card discipline will only be provided to companies that provides electronic payment system such as PayPal and not to the merchant . There argon also added features that PayPal affirm such as Buyer shelter Guarantee and you are entitled to a refund if you do not receive the promised goods from the verified trafficker . Other features are Free Automatic Account damages and Bonus for write up ADDIN EN .CITE Munising .comMunising .comPayPal Payments2007 (Munising .com , 2007 happy cardA wannabe card is a modest card with embedded figurer chip which can repositing data and process transactions . The transaction can be made through a computing system . This technology is used worldwide in applications like healthcare , situate transactions , transportation and diversion . From a simple lay , attending movies , buying groceries to a more complicated processes such as Electronic well-being Transfer .It also provides added features and guarantor systems . sharp tease offer convenience and security of any(prenominal) transactions from security threats and system hack s . earlier , overbold cards are used as! a stored value and truth cards that is safer than cash payments . It can correct serve as lock for E-mails and PCs , laboratory equipments and dispensers for drugs and library cards ADDIN EN .CITE potbelly .20041 143 posterlogix Corp . wise(p) Card Basics2004http / vane .smartcardbasics .com / big businessman .

html (Corp , 2004However , smart cards have also limitations that costumers magnate consider . The machine that the user would want to gain get at with should basically , have smart card reader to it . tho , smart card technology are quiet expensive . You have to pay one by one for the smart card , the smart card reader , a PCMCIA-reader and also for the interface package . Charges are also given for the software license fee Some smart cards that are implemented perform slower compared to software-based tokens in Pentium-based PCs in price of initial loading during logs on , message signing and encoding ADDIN EN .CITE Chadwick1999226David ChadwickSmart Cards Aren apos t Always the Smart Choice1999http /www .cs .kent .ac .uk /pubs /1999 /2116 /content .pdf (Chadwick , 1999Today , our way of living has always been in a fast- pace and dependent to technology . We must coping up to these changes through awareness and technological convergenceWorks CitedADDIN EN .REFLIST CHADWICK , D (1999 ) Smart Cards Aren t Always the Smart ChoiceCORP , C (2004 ) Smart Card BasicsMUNISING .COM (2007 ) PayPal Payments ONLINE SYSTEMS AND CHIPS page PAGE \ MERGEFORMAT 3...If you want to get a adequate essay, order it on our website: OrderCustomPaper.com

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