Utilizing the keyboard and display screen, the cardholder creates a one-time password that can be used for authentication when making online purchases. The card was developed with leading security firm NagraID Security, based in Switzerland. While currently limited to credit cards, the new card technology will expand to include debit and basic ATM cards. Furthermore, MasterCard believes the display screen could potentially show balance information, transaction histories and reward point statues in the future.
The card is laudable response to the emergence of new payment technologies and provides customers with the added security of the duel-key authentication method, without the inconvenience of carrying around a secondary device. As consumers become more wary of payment security risks, perhaps the MasterCard Display Card is the best means of calming consumer fears as the industry moves forward.
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