High-Tech MasterCard Has LCD Display, One-Time Password

It’s only a matter of time before you see “smart” credit cards in the hands of most consumers, but for now MasterCard Worldwide has unveiled the future in Singapore.
The MasterCard Display Card, made by NagraID Security, functions almost like a regular credit, debit or ATM card. However, it also has an embedded LCD display and touch-sensitive buttons. And it allows you to generate a “One-Time Password” (OTP) as a security measure.
The card was developed in collaboration with Standard Chartered Bank Singapore, and said in a press release that it is “heralding the next generation of payment cards.”
Banks that require a higher level of security for their online banking services deploy an separate authentication token or device.
The high-tech card combined the functionality of a standard payment card with a security token.
In future, this smart card could expand features to provide data such as available credit balance, loyalty or reward points, recent transactions, and other interactive information.

Leave a Reply

Your email address will not be published. Required fields are marked *