Visa 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.
Based in London, Zee is Editor in Chief of The Next Web.Follow him on Twitter and Facebook.
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.
This is nice, kind of the debit card solution for online payments what we have here in NL
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?
@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
“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.
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.
This new Visa card is a great idea……….I like the idea of a built in keypad
[...] un nou model de card de credit care are incorporat un etoken pentru a preveni fraudarea online Post a comment — Trackback URI RSS 2.0 feed for these comments This entry (permalink) was posted on Saturday, November 15, 2008, at 1:10 am by Catalin Istratoiu. [...]
[...] klingt diese Weiterentwicklung der Kreditkarte für mich umso interessanter. Damit genügt es nicht, dass man nur die Daten der Kreditkarte selber [...]
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 is pretty interesting, unique innovations first of its kind. this is much secure than just putting your signature in it…