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.

Credit card brand MasterCard has introduced the MasterCard Display Card, the first card that has a screen and buttons. This card is 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, by its acronym in English), something that several banking institutions request from clients who carry out operations that need an additional layer of security. Until now, To do this it was necessary to use another device, which, in MasterCard's opinion, ended up being a nuisance for the user. With this new card you will be able to see the OTP without the need for another terminal.

Besides, according to the company, In the future it could 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”.

As of 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 over 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 caused customers to demand greater security, a request they hope to respond to with this card.