Smart cards have the discomfort to retrieve information from a stolen card. As the sizeof the card is small it can be easily misled.
Explanation:
A smart card is otherwise known as an integrated circuit card or chip card. Usually, it is a plastic credit card sized card.Personal identification, authentication, data storage, and application processing may be provided by smart cards.
Applications include identification, banking, cell phones, public transportation, computer security, schools, and health care. So it can lead to misuse.
Smart cards depend on the electrical energy for use. It has an increased cost of production. It is unsafe for fluids.
The only way to avoid such scams is for retailers to assure they take the EMV guidelines precariously and connect suitable systems to read smart cards and train staff handling payments properly. This applies especially to small and medium-sized businesses that are typically targeted by scammers.
