MasterCard surprises with a credit card equipped with 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 credit card brand MasterCard has introduced the MasterCard Display Card, the first card to feature a display and buttons. This card has been manufactured by NagraID Security and has the same appearance and operation as a normal and current credit or debit card, unlike LCD display and touch-sensitive buttons. this allows the user to generate a temporary password (OTP, for its acronym in English), something that various banking institutions request from customers who perform operations that need an additional layer of security. So far, to do this it was necessary to use another device, That which, in the opinion of MasterCard, ended up being a nuisance to the user. With this new card you can see the OTP without the need for another terminal.

In addition, as assured by the company, in the future it may also be possible to add functionalities such as making 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) Standard Chartered will use this card as a security device for high-risk transactions or to make payments that exceed a certain amount.

In the opinion of Matthew Driver, President of MasterCard in Southeast Asia, the continued growth of online banking and mobile banking has made customers demand greater security, a request to which they hope to respond with this card.

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