credit card with lcd display factory

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.

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.

Since then the Indiegogo crowdfunding campaign has been issued success and has already raised over $1.2 million with still 16 days remaining...Read more

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.

In an attempt to offer users more security and control over credit cards, MasterCard partnered with Nagraid Security to introduce what it described as a next-generation payment card called the Display Card.

The high-tech credit card had touch-sensitive buttons as well as LCD screens, which enabled users to generate a One-Time Password (OTP). As a result, cardholders would enjoy extra security during online banking sessions. How does it work, you wonder?

That means users would longer have to use bank-issued authentication tokens for their online transactions. Instead, the card provides two-factor authentication to keep all transactions secure. Also, it eliminates the need for text message and email authentications.

Aside from a touch-sensitive keyboard, the card’s display also provides access to various interactive information. These include loyalty and reward points, recent transactions, as well as the available credit balance.

As far as we know, MasterCard didn’t release an official statement to explain why cardholders never got the Display Card. As such, we can only speculate.

It could be due to a security flaw or poor adoption by financial institutions. But, our best guess is that the display card was way ahead of its time and announced before it was ready.

However, advancement in mobile technology has helped integrate various payment systems into our daily lives. For example, Apple introduced Apple Pay in 2014 and is set to release a credit card that depends on the iPhone features in 2019.

With time, payment technology through smartphones will eventually render physical cards obsolete. So, regardless of how advanced the MasterCard display card sounds, we may never use it.

In an attempt to offer users more security and control over credit cards, MasterCard partnered with Nagraid Security to introduce what it described as a next-generation payment card called the Display Card.

The high-tech credit card had touch-sensitive buttons as well as LCD screens, which enabled users to generate a One-Time Password (OTP). As a result, cardholders would enjoy extra security during online banking sessions. How does it work, you wonder?

That means users would longer have to use bank-issued authentication tokens for their online transactions. Instead, the card provides two-factor authentication to keep all transactions secure. Also, it eliminates the need for text message and email authentications.

Aside from a touch-sensitive keyboard, the card’s display also provides access to various interactive information. These include loyalty and reward points, recent transactions, as well as the available credit balance.

As far as we know, MasterCard didn’t release an official statement to explain why cardholders never got the Display Card. As such, we can only speculate.

It could be due to a security flaw or poor adoption by financial institutions. But, our best guess is that the display card was way ahead of its time and announced before it was ready.

However, advancement in mobile technology has helped integrate various payment systems into our daily lives. For example, Apple introduced Apple Pay in 2014 and is set to release a credit card that depends on the iPhone features in 2019.

With time, payment technology through smartphones will eventually render physical cards obsolete. So, regardless of how advanced the MasterCard display card sounds, we may never use it.