backtop


Print 32 comment(s) - last by torpor.. on Nov 14 at 1:44 PM

Display Card has its own keyboard and LCD

MasterCard has been showing off a next-generation credit card called the Display Card. The name Display Card comes from the fact that it has a small LCD in the upper right-hand corner. In the lower left-hand corner is a small numerical keypad.

The credit card is designed for increased security and combines the functionality of a secure dongle that generates one-time passwords with a credit card, allowing users to carry one device rather than two.

The idea with the Display Card is that the little LCD will display the one-time password needed to complete certain online banking transactions. In the future, the card's capabilities can be expanded, and the small display can be used to show other things such as accumulated reward points, last transaction amounts, and even the credit card balance. The card is expected to be available from participating banking institutions in January.

"We brainstormed on ways to make it convenient and yet secure for customers," said V Subba from Standard Chartered Bank, which is collaborating with MasterCard.

"The question was: instead of sending customers another bulky token, could we replace something which already exists in the customer's wallet? That was when credit, debit and ATM cards immediately came to mind."

The first customers likely to get the new Display Card are expected to be account holders at the Standard Chartered Bank locations in Singapore. There's no indication of when these cards might come to the U.S. or other countries.

Source: BBC News



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

Remove the card number
By Spookster on 11/9/2012 1:20:13 PM , Rating: 2
If you simply removed the imprinted card number from the card and then display it once the correct code has been punched in that it would make this alot more secure. Then to use the card in a store or online you punch in the code which unlocks it and makes the card number visible so then you can swipe it in the scanner or punch the card number into the register/online web form. Either way the card cannot be used unless you have the code.




RE: Remove the card number
By Ironoclast on 11/9/2012 2:37:38 PM , Rating: 2
This is mind blowing, if you didn't embed a keyboard and display into the card itself... well you'd probably have to make sure that all the machines swiping cards provided the ability to let you enter a PIN and get a response and that would be nigh on impossible.


RE: Remove the card number
By JediJeb on 11/9/2012 3:31:36 PM , Rating: 2
This would be only for the ones with the keypad and display on the cards. I was thinking the same thing, that instead of the card just giving you a one time password for online purchases, make it also need a PIN to enable it to be used in a physical swipe. Now if you had to activate it and swiped it on something that had a skimmer installed they would still end up with your card number, but they would need to make a physical copy to use it because they would not be able to get access to the one time codes for online use.


RE: Remove the card number
By torpor on 11/14/2012 1:44:56 PM , Rating: 2
Sort of like how you can use your debit card - with keypad-entered PIN - pretty much anywhere these days?

Instant response - kind of like the balance check/applied authorization that happens for each swipe today?

The things you think are impossible are already there. On their own global network.


RE: Remove the card number
By drycrust3 on 11/11/2012 1:28:09 PM , Rating: 2
Agree, it is arguable having the number printed on the card is unnecessary most of the time. If the card is lost or stolen then it makes life just a bit harder for anyone trying to use it. It isn't necessary to see it when doing an electronic transaction, which is probably the major use, because the number is encrypted inside the chip.
You can set your card up so it also does debit deductions from your cheque account, and your bank account details aren't seen at all.
The only time you actually need the emblazoned number is when doing a manual transaction which uses one of those "click-clack" machines, which one can argue is a relic of the past.
For times when you do want to see the number, e.g. doing an online transaction, you can enter the PIN and the electronic display shows the card number.


RE: Remove the card number
By JediJeb on 11/11/2012 6:55:17 PM , Rating: 2
quote:
The only time you actually need the emblazoned number is when doing a manual transaction which uses one of those "click-clack" machines, which one can argue is a relic of the past.


I have several places I use my card that won't read the magnetic stripe and they have to manually enter the number. Manual entry is not a thing of the past, yet at least.


"I'm an Internet expert too. It's all right to wire the industrial zone only, but there are many problems if other regions of the North are wired." -- North Korean Supreme Commander Kim Jong-il











botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki