Smart-Card Hacking?

W3bbo asks: "With the ever-increasing information being stored on so-called 'Smart-Cards', including credit cards with the chips, how do we know what data is read by stores when you hand over your plastic? Seaching for 'smart-card hacking' just turns up satelite TV piracy websites and virtually nothing for (sort-of) legitimate investigation to our cards. So what methods are available to hack smart-card chips and see what information about us our banks store on our cards?"