MasterCard Electronic Display Cards Finally Go Mainstream

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enewmen

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Living in Singapore, we already have "smart" credit cards and cash cards. They look like credit cards, but have a chip like a phone SIM card on the end. So, you don't need to "swipe" - just stick the card in. You can also keep the card in the wallet, so at McDonalds, 7-11, or the subway (MRT), just swipe your wallet near some reader, then things get paid automatically.

The Electronic Display Cards takes things further.
 

beardguy

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This is cool. It basically has a small screen to display the authentication code. I'm sure there is one button to generate a key at the time of purchase.

Credit Card fraud is just too prevalent these days, things l like this will have to be a necessity in the future to help keep consumers safe. Within the last 6 months I've had 2 accounts compromised! I am looking to technologies like this now to help avoid it from happening again.
 

igot1forya

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[citation][nom]22gg[/nom]..........[/citation]
You fall asleep on your keyboard again?

One more layer of security is always good. Next year I'm sure there will be something more added, like a blood sample or something :)
 

hairystuff

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question is how durable are these cards with the extra electronics and components embedded into them, will they last 2-3 years of wallet bashing.
 

freggo

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[citation][nom]igot1forya[/nom]You fall asleep on your keyboard again?One more layer of security is always good. Next year I'm sure there will be something more added, like a blood sample or something[/citation]


Urine sample...An opening for 'deposit' will be under each CC terminal.


 

g00fysmiley

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i can barely keep the magnetic strips from going out every 4-5 months, i am sceptical for how long this will last... but mayeb my bank just makes crappy card... or maybe i am to hard on em, in either case never had a debit card last a full 6 months and an added lcd makes me worry, liek the idea though
 

alidan

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[citation][nom]enewmen[/nom]Living in Singapore, we already have "smart" credit cards and cash cards. They look like credit cards, but have a chip like a phone SIM card on the end. So, you don't need to "swipe" - just stick the card in. You can also keep the card in the wallet, so at McDonalds, 7-11, or the subway (MRT), just swipe your wallet near some reader, then things get paid automatically.The Electronic Display Cards takes things further.[/citation]

how does haveing more than one card work?

i know we have a few cards, one for small, one for big, one for medical (provided by insurance company)

lets say all 3 can swipe like that, how does that work?
 

svdb

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It's only a matter of time before the credit card merges with cellphone. It's already in progress in certain countries like Japan.
 

Darkk

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[citation][nom]g00fysmiley[/nom]i can barely keep the magnetic strips from going out every 4-5 months, i am sceptical for how long this will last... but mayeb my bank just makes crappy card... or maybe i am to hard on em, in either case never had a debit card last a full 6 months and an added lcd makes me worry, liek the idea though[/citation]

I don't think they will be using traditional components like you would see in an electronic device like a cell phone. They are probably using flexible AMOLED screen and battery. They wouldn't be making this available to the public if it weren't durable enough for everyday use.
 

agnickolov

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The whole point of two factor authentication is that you have two independent inputs. When they are combined like here, the advantage is gone.
 
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