credit card with lcd display brands
OK, this one gets a WOW. I have to admit I dont exactly get how it works, but Im loving that one of the FUTURE intended uses is to be able to check your balance right from the card… ok that freaked me out a little.
MasterCard has introduced a new high-tech credit card — — one that looks and functions almost exactly like an ordinary card, save for the integrated display and numerical keypad. The screen looks and acts like the display on a calculator; it should boost security by allowing the cardholder to generate single use numerical passwords for authentication.
“Instead of sending customers another bulky token, could we replace something which already exists in the customer’s wallet?” asked V. Subba, regional head of retail banking products for Standard Chartered Bank. “That was when credit, debit and ATM cards, immediately came to mind.”
Banks looking to boost security for online banking use a separate authentication token or device, the company noted. A Display Card could do both — and in the future it could incorporate additional functionalities and be able to indicate other real time information such as available credit balance, loyalty or reward points, recent transactions and so on.
“With the continued growth in online and now mobile initiated remote payments, consumers are naturally demanding increased security,” explained Matthew Driver, a regional president for MasterCard.
Credits cards and debit cards have chips in them to ward off fraud. But Dynamics is introducing a new Wallet Card today that can run circles around that technology.
The Wallet Card has the support of a consortium of financial companies, including MasterCard, which led the last financing round for Pittsburgh, Pennsylvania-based Dynamics. The Wallet Card has a cell phone chip and most of the working parts of a computer, including a display — all inside a piece of plastic that looks like any other credit card.
Dynamics is showing the Wallet Card at CES 2018, the big tech trade show in Las Vegas this week. Jeff Mullen, founder and CEO of Dynamics, said in an interview that the new card will provide an “unprecedented level of security.”
For instance, if you learn from the display on the card that the last purchase made on your card was fraudulent, you can request a new card from the bank and it will be issued on the spot, with proper authentication. You no longer have to call the bank to get a card reissued. Your new number account and card number are simply downloaded onto the card.
If you lose the card or report it stolen or forget your pin code, the bank can disable the card through the cell connection and send you a new card. Cards can be couriered to the consumer in a matter of hours, and the consumer can restore the wallet by downloading cards. The speed could reduce fraud losses and prevent purchase delays, Mullen said.
Another is that you can now have multiple cards on one Wallet Card. Consumers can access their debit, credit, prepaid, multicurrency, one-time use, or loyalty cards on a single card with the tap of a button. When you get to a checkout stand, you could choose to pay with points or credit simply by pressing a button on the card.
It is also easily distributed. Banks can distribute Wallet Card anytime and anywhere — such as in their retail branches, during events, or even in-flight, and consumers can activate it immediately. Card information can then be downloaded through a secure, over-the-air cellular connection. At the same time, Mullen said the cards have built-in security in hardware elements.
And the technology could lead to tighter connections between consumers, issuers, and retailers. Messages can be sent to the Wallet Card at any time. For example, after every purchase, a message may be sent to notify the consumer of the purchase and of their remaining balance if they used a debit or loyalty card.
Consumers can be notified of a suspicious purchase and click on “Not me” to have a fraud alert set and a new card number issued. They can also receive coupons directly on their cards.
The Wallet Card has more than 200 internal components, and it’s the latest rendition of electronic credit and debit cards that Mullen and his team dreamed up at Carnegie Mellon University. He started the company in 2007, beginning a long journey to replace the mag stripe credit card, which has been in use since the 1970s and is fraught with all kinds of security risks.
This new card has “organic harvesting,” which means it can use renewable energy sources to keep its battery charged. It has a card-programmable magnetic stripe, card-programmable EMV chip (the chip cards that have become so popular), and a card-programmable contactless chip. That means it could be used in just about any territory.
Dynamics has the support of the Wallet Card Consortium, which includes a number of big banks, payment networks, and carriers. Members include Visa, MasterCard, Sprint, and JCB (a Tokyo-based credit card company).
Dynamics has raised $110 million to date from investors that include MasterCard, CIBC, Adams Capital Management, and Bain Capital Ventures. The company’s earlier intelligent account cards are currently used by more than 10 million consumers. Customers include the big Canadian coffee chain Tim Horton’s, the Upper Deck Company, and CIBC.
The display smart card combines all your customers" needs for typical daily banking and payment activities -- from ATM and EMV payment, loyalty, and bank account access to generating one-time passwords for online authentication.
The display payment card integrates a magnetic stripe and an EMV contact or contactless chip for payment, with a keypad option that protects the card.
It offers anatural step up in banking and authentication solutions, making it easy for banks and their customers to migrate from traditional EMV payment cards to more multifunctional Smart Mobile devices (SMDs).
The display payment card is fully integrated with our services -- card personalization, customized card printing, engraving, and packaging, to end-user mailing and fulfillment.
Touted as the next generation of credit cards, the MasterCard Display Card boasts a touchscreen that will enable people to create a One-Time Password (OTP) to increase security measures. Looking and functioning almost like a regular credit, debit or ATM card, it has an embedded LCD display and touch-sensitive buttons that takes it to a whole new technological level.
Manufactured by NagraID Security, the MasterCard Display Card was created in collaboration with Standard Chartered Bank. Unveiled as Singapore’s first interactive payment card, it could provide more functionality in the future. For instance, the MasterCard Display Card may be able to provide information on a person"s available credit balance, loyalty points, recent transactions and other real-time information
MasterCard has launched a credit card that incorporates an LCD screen and a small keyboard with the idea of eliminating the need to always carry an authentication device when verifying transactions made online.
The credit card brand MasterCard has introduced the MasterCard Display Card, the first card to feature a display and buttons. This card has been manufactured by NagraID Security and has the same appearance and operation as a normal and current credit or debit card, unlike LCD display and touch-sensitive buttons. this allows the user to generate a temporary password (OTP, for its acronym in English), something that various banking institutions request from customers who perform operations that need an additional layer of security. So far, to do this it was necessary to use another device, That which, in the opinion of MasterCard, ended up being a nuisance to the user. With this new card you can see the OTP without the need for another terminal.
In addition, as assured by the company, in the future it may also be possible to add functionalities such as making it display information in real time “as the available balance, loyalty points, recent transactions and other interactive information”.
From January 2013 all online or mobile banking customers (Breeze) Standard Chartered will use this card as a security device for high-risk transactions or to make payments that exceed a certain amount.
In the opinion of Matthew Driver, President of MasterCard in Southeast Asia, the continued growth of online banking and mobile banking has made customers demand greater security, a request to which they hope to respond with this card.
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Earlier this fall Visa announced a new credit card in Europe that comes with its 48×8 pixel LCD panel on the back, just above where your signature would normally go. Called the CodeSure Matrix Display Card, the idea is to have a more secure credit card, that can be used for online shopping where you have to use your card without swiping it at a retail payment terminal. This is what the credit industry calls “card not present” and they charge higher per-transaction fees to the merchants because of the fraud potentials seen.
The CodeSure card can be used as a regular Visa debit, credit or pre-payment card. In addition to the display, it comes with a numeric keypad and a battery that is supposed to last up to three years. After testing over the past year, the card is now commercially available in Europe.
Visa says that the card “can also be used for services like eBanking, telephone banking, transactions signing and access to third party services.” It can offer messages in non-Roman alphabets too, should that be an issue. Similar to an encrypted key fob, it provides a one-time PIN number that is used during the transaction to verify the owner’s identity. This is done via the numeric keypad. Issuing banks can use this card to verify that they are indeed talking to their customers and not someone who has stolen their card.
Two vendors have helped bring this card to market: NagraID Security’s display technology was combined with Emue Technologies, who handled the authentication piece.
The small display on the card reminds me of one of my first portable computers, the classic Radio Shack model 100. It had a 40×7 character display and built-in text editing and communications software, along with a blazingly fast 300 bps modem, all in a package about the size of several iPads stacked on top of each other. Now of course, this had a full QWERTY keypad, but it seems we have come a long way since this trusty old beast.
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Pity the poor credit card. In these days of smartphones, tablets, and sharks with frickin" laser beams attached to their heads, they just seem so retro.
But they"re getting a makeover. In Singapore, MasterCard has unveiled a credit card to be released in January 2013 that includes "an embedded LCD display and touch-sensitive buttons," the company said this week. Eventually, this card might use its display to show "real time information such as available credit balance, loyalty or reward points, recent transactions, and other interactive information." But for now, the technology will be used to generate one-time passwords as an extra security measure.
"The MasterCard Display Card, manufactured by NagraID Security, looks and functions almost exactly like a regular credit, debit or ATM card, but features an embedded LCD display and touch-sensitive buttons which allow a cardholder to generate a One-Time Password (OTP) as an authentication security measure," MasterCard said. "From January 2013 onwards, all Standard Chartered Online Banking or Breeze Mobile Banking users will use the Standard Chartered security token card as a new personal security device for higher-risk transactions such as payments or transfers above a certain amount, adding third party payees, or changing personal details." Advertisement
The idea isn"t a new one. It"s not even MasterCard"s first attempt. The company actually unveiled very similar cards in June 2010 for use in Turkey, and they have been rolled out to other countries such as Romania. Visa launched almost identical cards in Europe last year, and a company called Dynamics showed off some newfangled credit cards with displays at this year"s Consumer Electronics Show. MasterCard touts the cards as a way to demand extra tokens from customers without making credit cards a hassle to use.
Stealing and using credit card data is far too easy, so adding two-factor authentication technology into the cards themselves strikes us as a good idea. But even without newfangled cards, the process of how we pay for stuff is getting an overhaul, albeit a slow one. NFC chips, Apple"s Passbook, and Google Wallet are among the options for higher-tech ways to pay. The ubiquity of smartphones may make it more likely that phone-based systems will outpace the adoption of new types of credit cards, especially as these display cards have been around a couple of years without spreading worldwide. But most of us are still using regular old credit cards—and if our next credit cards embed some modern technology to make them more secure, so much the better.
La Chaux de Fonds, Switzerland, 10th June 2010 – NagraID Security, a subsidiary of the Kudelski Group (SIX:KUD), is pleased to announce that its families of display cards passed MasterCard"s (CSI – Card Structure & Integrity) approval process, thus demonstrating the required levels of durability, safety and compliance to ISO standards required for the commercial launch of banking cards and the introduction into MasterCard"s brand standards and rules.
The innovative Debit and Credit MasterCard Display Card looks and feels like a normal credit or debit card but comes with an additional small display and a button that enables card holders to use the same card for standard banking payment functionality and to generate second-factor one-time passwords (OTPs), thereby providing strong authentication.
The cards are very reliable and extremely simple to use. They offer optimal security to achieve banking transactions outside payment terminals using one single device.
This password generation technology complies with the requirements of MasterCard"s 3D Secure Chip Authentication Program (CAP). Optionally, a touch-sensitive keypad with twelve keys permits access to advanced functionality such as electronic signature and authentication modes, as well as to enhanced security features such as challenge-response applications and PIN code card protection.
"Cards were born from cardboard, they"ve been "mag striped" and "chipped" and now we enter their silicon age, with an LCD display and touchpad opening up a multitude of possibilities. With NagraID"s recent achievements to demonstrate compliance to industry standards, the stage has well and truly been set to deliver the next generation consumer"s card proposition" says Eric Tomlinson, MasterCard Europe.
"This display card is designed to provide a very high level of security and reliability as well as ease of use. Users simply press a button to generate an OTP for secure access to their online services," commented Philippe Guillaud, Executive Vice President and CTO of NagraID Security. He also added "The programmable nature of this platform makes it future proof and one can expect to see even more exciting and fantastic functionality in the near future."
MasterCard directed promotional initiatives and large scale roll-outs will ensure that market price expectations are achieved. "As the world evolves towards increasing online and cashless transactions, the timing of our partnership with MasterCard is ideal, as it enables the growing security expectations of a rapidly expanding base of digital technology users to be quickly addressed via a secure, reliable and unified solution in a familiar and convenient form-factor." said Cyril Lalo, President and CEO of NagraID Security.
Meet MasterCard"s new "Display Card," which basically combines the usual credit/debit or ATM card with an authentication token. The authentication portion features a touch-sensitive keypad and LCD display -- hence the name "Display Card" -- for reflecting a one-time password (OTP).
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.
Besides generating OTPs, the Display Card may in the future be able to show your available credit balance, reward points, or even recent transactions.
MasterCard Worldwide, in conjunction with Bank SinoPac in Taiwan, unveiled the world’s first MasterCard display credit card, the MasterCard “SinoPac Display Card”.
With the rise in e-commerce transactions and increased demand for payment security, the innovative features of the new display card can meet the needs of consumers in Taiwan. MasterCard SinoPac Display Card cardholders can take advantage of a wide range of mobile financial services such as online transactions using 3D authentication security and non-predesignated account transfers.
The display card is the first interactive payment card on the market. The one-time password (OTP) security technology with two-factor authentication is the state of the art in security maintenance.
A cardholder can lightly tap a button on the credit card, and a six-digit screen in the top right corner will display the one-time dynamic password. The embedded technology also provides better security and convenience for the cardholder and eliminates the need to wait for a text message while doing a non-predesignated account transfer.
Desmond Jiang, President & Chief Executive of Channel Marketing, Bank SinoPac said, “Bank SinoPac is honored to be the first bank in the world to adopt this innovative technology with a display card in the credit card sector. We believe that this initiative will lead consumers in Taiwan towards more advanced and user-friendly payment solutions including mobile. Bank SinoPac will continue to strengthen its capabilities by developing more products that integrate technology with financial management, providing consumers in Taiwan newer, better and safer payment methods.”
Yunsok Chang, group executive, Global Products and Solutions, Asia/Pacific, Middle East, and Africa, MasterCard Worldwide said, With consumers looking to shop online and transact using their mobile phones, our role is to foster a safe and convenient environment for cashless payments. The new display card is a milestone for MasterCard as we innovate and work towards marrying technology and functionality in payments. The MasterCard “SinoPac Display Card” in Taiwan is the first such program in the world on a credit card for MasterCard, and an extension of our success in Europe in June when we launched the first display card for Maestro. We thank Bank SinoPac and NagraID Security for making this innovation possible.”
In June this year, Turkish bank TEB, a subsidiary of BNP Paribas, was the first issuer to bring the display card to consumers with a Maestro eCommerce authentication program. It was the first display card for MasterCard debit cards.
Credit card readers offer vendors the ability to collect multiple forms of payment from their customers. Vending machines, with this payment system installed, are able to accept cash, credit, debit, and even payments by smartphone. Vendors with this device can also receive planograms detailing items sold and funds collected. No need to be present, you can monitor this information remotely.