The Next Web

The New Credit Card with a Keypad, Built to Fight Online Fraud

By Zee
November 14, 2008
• Tweet This
• Tip Techmeme
• Submit to Hackernews


Share


Short URL for this post:
View Comments

The New Credit Card with a Keypad, Built to Fight Online FraudVisa have shown off their new card built to combat online shopping fraud. The card, to be tested in Britain next year has a 12 button Keypad and display powered by a battery which  should last 3 years.

Card holders will be required to key in their pin every time they make a purchase online. A security code is then sent to the card which appears on the display which then needs to be typed into the website.

‘We hope this new card will help allay those fears, and give consumers more confidence when shopping online.’ said Visa’s Sandra Alzetta.

Zee Editor In Chief, The Next Web Network
Based in London, Zee is Editor in Chief of The Next Web. Follow him on Twitter and Facebook.

  • this is pretty interesting, unique innovations first of its kind. this is much secure than just putting your signature in it...
  • I think this is a great idea, I believe this will stimulate the e-commerce cause people will feel more safe with this system..
  • This new Visa card is a great idea..........I like the idea of a built in keypad
  • Arthur Guy
    The system probably works in a similar way to the RSA security tokens but rather than displaying the constantly changing ID all the time you have to enter a pin number to reveal it, or it displays a number which is a combination of the two.
  • sjjh
    "A security code is then sent to the card ... "
    I'm guessing it's not sent as such, but generated by the card, if you enter the correct PIN.
    Barclays already sent me a PIN entry device, which I have to use to login to on-line banking.
  • @Ian, i reckon it will probably work the same way it works in the UK with Natwest and a few other banks - where they take you to their site to enter a separate code...although of course, i'm only guessing here
  • Ian
    How does the website know what the security code is? Would it be the same code every time because 16-digit number is the same each time?
  • This is nice, kind of the debit card solution for online payments what we have here in NL
  • If this means the end to those ridiculous card readers we need to remember to carry around just to do our banking I'm game.
blog comments powered by Disqus