2011RePEc: Research Papers in EconomicsRequires access

The Evolution Of The Intelligent Cards And The Romanian Market

Alexandra Pricopi, Alina Elena Oprescu

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Abstract

This paper will try to describe the close relationship between the economic evolution and technology, especially how the technical aspects of debit/credit cards interact with the economical aspects. There are approached concepts related to smart card and especially the use of cards in different economic purposes. Since the introduction of the first cards there has been an accelerated growth of the use of smart cards. One of the essential growth factors has been the progress in the electronic industry and the accelerated development of the software companies, which allowed the emergence of interactive financial services such as e-banking, mobile banking, smart cards being considered the access key to these modern services.

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What this paper is about

This paper will try to describe the close relationship between the economic evolution and technology, especially how the technical aspects of debit/credit cards interact with the economical aspects. There are approached concepts related to smart card and especially the use of cards in different economic purposes. Since the introduction of the first cards there has been an accelerated growth of the use of smart cards. One of the essential growth factors has been the progress in the electronic industry and the accelerated development of the software companies, which allowed the emergence of interactive financial services such as e-banking, mobile banking, smart cards being considered the access key to these modern services.

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Available abstract

This paper will try to describe the close relationship between the economic evolution and technology, especially how the technical aspects of debit/credit cards interact with the economical aspects. There are approached concepts related to smart card and especially the use of cards in different economic purposes. Since the introduction of the first cards there has been an accelerated growth of the use of smart cards. One of the essential growth factors has been the progress in the electronic industry and the accelerated development of the software companies, which allowed the emergence of interactive financial services such as e-banking, mobile banking, smart cards being considered the access key to these modern services.

Key concepts: Smart card, ATM card, Romanian, Credit card, Key (lock), Financial services, Computer science, Business

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