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.