Smart cards have built-in microprocessors and memory for identification or financial transactions. They offer greater functionality and are generally more secure than conventional cards that use magnetic strips.Read more over here.
The venture will promote cards based on a multi-application operating system called Multos, which can add various functions such as biometric user identification to conventional cards.
Hitachi and MasterCard set up smart card venture
Posted on Monday, November 28 2005 @ 9:55 CET by Thomas De Maesschalck
MasterCard and Hitachi are going to set up a joint venture to promote advanced smart cards.