In a world where “phone” means a pocket computer, it isn’t surprising that credit cards are turning into interactive security devices. This coming January, MasterCard Worldwide will makes its largest deployment of its Display Card, in Singapore. The card looks and acts like a conventional credit, debit or ATM card, but it also has an LCD display and keypad that allows users to access account information and make more secure financial transactions.
The Display Card was first introduced by MasterCard in 2010. Manufactured by Swiss-based NagraID Security, it’s already used in banks in various countries, with Singapore being the technology’s largest deployment to date. The interactive card can act as a conventional bank card, but it also has an embedded LCD display and keypad, which allows the user to generate one-time passwords for over-the-phone use or otherwise insecure transactions.
There are similar cards already, such as the Credit Card Embedded Authentication Device, but the Display Card not only has the security token function, but it will soon have the ability to display real-time account information such as available credit balance, loyalty or reward points, recent transactions,and other interactive information
This is pretty cool. Cant wait till these are standard.