Smart Card Adds Security to Cash Management Service
Ferris, Tom, American Banker
NEW YORK -- Corporate financial officers are increasingly using desktop computers to initiate wire transfers and gather financial data from their banks. Now the Royal Bank of Canada is introducing what it considers to be a better way to prevent misuse of those office computers: "smart cards."
The smart card looks like a credit card but derives its name from an added feature -- an embedded microprocessor, or chip, that gives it computing power and the capability of storing large amounts of information.
The smart card, which was invented in France, is usually associated with consumer-oriented services both inside and outside of banking. Visa U.S.A. and MasterCard …
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Publication information: Article title: Smart Card Adds Security to Cash Management Service. Contributors: Ferris, Tom - Author. Magazine title: American Banker. Volume: 150. Publication date: October 18, 1985. Page number: 9. © 2009 SourceMedia, Inc. COPYRIGHT 1985 Gale Group.
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