MasterCard Shows off New Credit Card with Integrated Keypad, Display
November 9, 2012 9:09 AM
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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.
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Not that new
11/9/2012 5:52:08 PM
I work for RSA, we obviously do a LOT with tokens....We have sold various card sized tokens for years - one of which that has a display and keypad. Something this article is not mentioning is the thickness of the card. Our tokens are about 5mm thick, hardly a credit card and not something you can slide into a credit card reader. I am thinking that this will either be that fat, or not have very good durability.
We test the bejesus out of ours before going to market and determined that to get the desired lifetime and ruggedness, that is as thin as they will come - they are also tamper evident which would be important in a security device like this.
2 factor authentication using a token is nothing new, and I am glad to see it in more places (Battle.net, google, paypal, many more) but I do not see how it will make life any easier in this application. Although I do see the security benefit of course.
RE: Not that new
11/10/2012 8:53:48 AM
Would simply require new card readers. Yes I know the costs for businesses would suck but the less fraud resulting might lower fees they have to pay for accepting cards.
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