It must observe internal rules and procedures of the technology proprietor. Generally, the corporate cannot deliver the product to other markets in addition to sale the franchise. In addition, the decline of the franchise proprietor reputation may have an impact on the corporate that has bought its franchise.
It additionally requires the programmer to create utility software for the card while specifying the card kind and some other features he would possibly wish to include in the card. These cards have memory chips embedded in them that are microprocessors with the capacity to store lots of information about its customers. These customers can make the most of the technology to carry out online monetary transactions corresponding to purchasing with out money in hand, making funds like electrical bills, and transferring funds to a second get together.
The disadvantages are the corporate’s dependence on the technology proprietor. In most …