Mastercard with LCD screen and keyboard launched
November 9 , 2012
Mastercard has launched a credit card with an LCD display and built-in keyboard in Singapore.
The card has touch-sensitive buttons and the ability to create a "one-time password".
Future versions of the card may display added information such as the remaining balance.
The card will be available from January before being launched globally.
Many banks require their customers to log in to online banking by using a small security device to generate a one-off password.
Though seen as more secure than username and password log-in systems, many customers find that using security tokens is inconvenient due to having to keep it with them in order to use online banking.
Mastercard's new card aims to solve that problem.
"The question was: instead of sending customers another bulky token, could we replace something which already exists in the customer's wallet? That was when credit, debit and ATM cards immediately came to mind,” said V Subba from Standard Chartered Bank, which is collaborating with Mastercard.