Video Resource: What’s A Smart Credit Card?

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May 28, 2015
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Question of the Day, Credit Cards, Debit Cards, Payment Types, New Products, Video Resource

Good video to incorporate in your lesson regarding payment types.  In this three minute video, an industry expert reviews smart credit cards on CBS News while also providing a vision for the future of digital payments.

Key terms that come up in the video that students should be ready to define:

  • Smart cards
  • Apple Pay
  • Security of smart cards
  • Microchip technology
  • “Chip and Pin”
  • Two visions of how people will pay in the future

As with any new product, ask students to come up with pros/cons of smart cards and whether they think it will be a good product for them.

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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