Video Resource: What’s A Smart Credit Card?

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.