Physics · Electronics and Communication
A bank is upgrading its older debit cards (which had only a magnetic stripe) to the new EMV chip-based contactless cards. The primary reason for this major upgrade, from the perspective of the security dimension of banking technology, is the chip's ability to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Reduce the annual fee and increase the interest-free period.
- 2Automatically generate a credit card limit for the user after 1 year of usage.
- 3Store a unique, single-use encryption code (cryptogram) for every transaction.✓
- 4Allow the card to be used as a prepaid card if the account balance is zero.
Correct answer
Store a unique, single-use encryption code (cryptogram) for every transaction.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Physics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Electronics and Communication MCQs →Want more practice questions on Electronics and Communication?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Physics · Electronics and Communication