Multiple Applications

The multiple applications feature allows card holders to use their smart cards to help manage their budgets. Up to 255 different applications can be configured and activated per card depending on the electrically erasable programmable read-only memory (EEPROM) available on the particular smart card. Each of the applications can be configured to meet the specific requirements of the business case, and can be used for interest-generating savings, pre-paid utilities, medication management, credit, debit orders and many other purposes.

In addition, access to an application can be either protected or unprotected. Protected applications require PIN/biometric verification of the card holder to effect transactions. Unprotected applications are normally used for low value transactions such as transportation for which speed of processing rather than security is critical. In both cases the transaction itself is encrypted.

Since the audit trail of all transactions performed by the active applications is stored on the smart card’s history file, card holders can provide third parties with a comprehensive record of their transaction histories, which can help evidence payments, such as insurance premiums and demonstrate a regular income stream from wages or other sources.

Selected List of Applications: