MasterCard surprises with a credit card equipped with an LCD screen

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 MasterCard credit card brand has introduced the MasterCard Display Card, The first card to feature a display and buttons. This card has been manufactured by NagraID Security and looks and works just like a regular credit or debit card, unlike LCD screen and touch-sensitive buttons. This allows the user to generate a temporary password (OTP, por sus siglas en inglés), something that several banking institutions request from customers who carry out operations that need an additional layer of security. So far, To do so, it was necessary to use another device, That which, in MasterCard's opinion, ended up being a nuisance for the user. With this new card they will be able to see the OTP without the need for another terminal.

In addition, according to the company, In the future it might also be possible to add functionalities such as having 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) will use this card as a security device for high-risk transactions or to make payments exceeding a certain amount.

In Matthew Driver's opinion, President of MasterCard Southeast Asia, The continued growth of online and mobile banking has led to customers demanding greater security, A request they hope to respond to with this card.