Discussion Module 4 A fundamental innovation in recent years has been the development of smart cards, which have embedded microprocessor chips that store \"cas \" balances. 1rtithen the holder of a smart card uses the card to purchase goods from a retailer, the amount of the purchase is deducted from the card and credited to the retailer. The retailer can store its digital cash in special pointcfsale terminals and later transfer accumulated balances to its bank by means of telephone links. There is no actual \"cash,\" or "legal tender,\" in a smart card, just as there is no actual currency in a checkbook. Instead, the balance of funds recorded on a smart card represents a balance of funds deposited with a nancial institution. Because of microchip technology, a smart card can do much more than maintain a running cash balance in its memory or authorize the transfer of funds. A smart card carries and processes security programming. This capability gives smart cards a technical advantage over storedvalue cards. The microprocessors on smart cards can also authenticate the validity of transactions. Retailers can program electronic cash registers to confirm the authenticity of a smart card by examining a unique digital signature stored on its microchip. Utilizing the criteria provided in the course syllabus and the discussion grading rubric, provide a posting and responses to the following question: In 1what 1ways might bank fraud be easier to perpetrate using smart cards and online banking methods instead of traditional banking oraclices