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.