(Image source: Mastercard)


BY JASMINE BAILEY


Your debit or credit card —a thin piece of plastic kept in your wallet and used to make bank transactions. Not much more to it, right? Well, now there is for MasterCard. Meet the new “Display Card.”


Basically the new card will combine your average credit/ debit card with an authentication token. Slashgear reportsThe authentication portion includes an LCD display screen and a touch-sensitive keypad. The display and keypad show a one time passcode users can enter to make secure purchases.


And a writer for CNET notes, “Currently, many banks issue a separate authentication token for online banking services, particularly high-risk transactions, such as payments or transfers above a certain amount, adding payees, or changing personal details. The new 2-in-1 cards would therefore eliminate the hassle of carrying a separate authentication device -- good news for people who carry their whole lives in their pockets.”


The card will only be available in Singapore by its released date of January 13. Silicon Republic has a quote from the regional head of Retail Banking Products in Singapore and Southeast Asia who explains why MasterCard chose to release the card in Singapore first.


“In Singapore, many customers bank with multiple banks. We brainstormed on ways to make it convenient and yet secure for customers…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.”


So is the Display Card— with all its high-tech wonders, really OK to treat like any other debit or credit card?  After all a lot of people stick their cards in their wallets, slide them in their back pockets and sit on them. According to The Register, the company’s manufacture says, yup.


“The company insists the device will sit happily in one's wallet and offers a three year warranty, which we believe makes it safe to sit on. The card is, in all other ways, a completely conventional credit card and can be embossed, branded and carry holographic security devices like any other credit card.”



 

New Credit Card Features Keypad, LCD

by Jasmine Bailey
0
Transcript
Nov 8, 2012

New Credit Card Features Keypad, LCD

 

(Image source: Mastercard)


BY JASMINE BAILEY


Your debit or credit card —a thin piece of plastic kept in your wallet and used to make bank transactions. Not much more to it, right? Well, now there is for MasterCard. Meet the new “Display Card.”


Basically the new card will combine your average credit/ debit card with an authentication token. Slashgear reportsThe authentication portion includes an LCD display screen and a touch-sensitive keypad. The display and keypad show a one time passcode users can enter to make secure purchases.


And a writer for CNET notes, “Currently, many banks issue a separate authentication token for online banking services, particularly high-risk transactions, such as payments or transfers above a certain amount, adding payees, or changing personal details. The new 2-in-1 cards would therefore eliminate the hassle of carrying a separate authentication device -- good news for people who carry their whole lives in their pockets.”


The card will only be available in Singapore by its released date of January 13. Silicon Republic has a quote from the regional head of Retail Banking Products in Singapore and Southeast Asia who explains why MasterCard chose to release the card in Singapore first.


“In Singapore, many customers bank with multiple banks. We brainstormed on ways to make it convenient and yet secure for customers…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.”


So is the Display Card— with all its high-tech wonders, really OK to treat like any other debit or credit card?  After all a lot of people stick their cards in their wallets, slide them in their back pockets and sit on them. According to The Register, the company’s manufacture says, yup.


“The company insists the device will sit happily in one's wallet and offers a three year warranty, which we believe makes it safe to sit on. The card is, in all other ways, a completely conventional credit card and can be embossed, branded and carry holographic security devices like any other credit card.”



 

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