Smart cards differ from stored-value cards in that stored-value cards

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Stored-value cards are typically less sophisticated than smart cards. Smart cards come equipped with an embedded microprocessor or integrated circuit (IC) chip that can process data, enabling them to support multiple applications on a single card and provide higher security features, such as encryption and digital signatures. Stored-value cards, on the other hand, usually have a specific amount of money stored on them and are often used for single-purpose transactions, such as transit fares or as gift cards, without the capability to process data or support multiple applications.

Smart Cards Differ from Stored-Value Cards in That Stored-Value Cards