Introduction to Plastic Cards

Plastic cards, also known as "smartcards", are used for identification, authentication, and payment purposes. They can store electronic data and use that to perform various functions. Plastic cards come in a variety of shapes and sizes, including credit cards, debit cards, ID cards, access control cards, and prepaid cards. They are quickly becoming the preferred form of payment in many countries, since they provide better security and convenience than carrying around cash. In this article, we'll discuss the features, benefits, pros and cons, case studies, FAQs, mistakes people often make, and best practices for using plastic cards.

Features of Plastic Cards

The features of plastic cards include:

• They are portable and easily transportable.
• They allow for secure and convenient payment solutions.
• They can store large amounts of data, such as contact information and purchase history.
• Most plastic cards feature an embedded chip that contains the user's personal data and adds an additional layer of security.

Benefits of Plastic Cards

The benefits of plastic cards include:

• Increased security and fraud protection.
• Easy and fast payment processing.
• Lower merchant fees as compared to cash transactions.
• Increased convenience, as they can be used in multiple locations.
• It allows customers to track their spending more easily.

Pros and Cons of Plastic Cards

The pros and cons of using plastic cards are:

Case Studies

Case Study 1: The University of Pennsylvania

The University of Pennsylvania has implemented a system that allows students to use their plastic cards to securely access dorms, dining halls, and other buildings on campus. The cards also allow the university to track student attendance and provide real-time information about their whereabouts. The system has drastically improved the university's security, as any unauthorized access to buildings now requires scanning the student's card.

Case Study 2: Johnson and Johnson

Johnson and Johnson has implemented a system that allows employees to use their plastic cards to access the company's buildings. This system has improved security, as it ensures that only authorized personnel can access the company's facilities. It has also reduced costs, as the company no longer has to pay for badges or keys.

Case Study 3: Wal-Mart

Wal-Mart has implemented a system that allows customers to use their plastic cards to pay for groceries. This system has drastically improved the customer experience, as customers can now make payments quickly and securely without having to worry about cash or check. Additionally, the system has reduced costs, as it eliminates the need for cashiers and clerks.

FAQs

What are the benefits of using plastic cards?

The benefits of using plastic cards include increased security and fraud protection, easy and fast payment processing, lower merchant fees, increased convenience, and tracking of spending.

Are plastic cards secure?

Yes, plastic cards are secure due to their embedded chips, which contain the user's personal data and add an additional layer of security.

Mistakes People Make when Using Plastic Cards

Some common mistakes people make when using plastic cards include forgetting their PIN, not reading the terms and conditions before signing up for a credit card, and not reporting a lost or stolen card in a timely manner.

Best Practices for Using Plastic Cards

The best practices for using plastic cards include:

• Always keep your card secure and hidden from view.
• Always sign the back of any new card.
• Never share your PIN with anyone.
• Regularly review your statements for any unauthorized transactions.
• Never use a card at an untrusted website.

Final Notes

Plastic cards are becoming an increasingly popular form of payment, offering increased convenience and security over cash or checks. However, it is important to understand the features, benefits, pros and cons, FAQs, mistakes people often make, and best practices for using plastic cards in order to ensure a safe and secure experience.