To protect online banking applications with one-time passwords, you usually use a phone or a special hardware token. The Swiss company NagraID, together with MasterCard, is beginning to introduce cards with a display and keyboard, thanks to which it is possible to implement a one-time password mechanism without additional devices. In addition to the chip and magnetic tape, such a card has a 12-key numeric keypad and a small liquid crystal display.
The display and keyboard can be used not only to enter passwords, but also to view the card balance, limits, transaction history, essentially turning the card into a small banking terminal. This map was first presented in June 2010. Since then, several European and Asian banks have begun pilot programs to introduce such cards.
The display and keyboard can be used not only to enter passwords, but also to view the card balance, limits, transaction history, essentially turning the card into a small banking terminal. This map was first presented in June 2010. Since then, several European and Asian banks have begun pilot programs to introduce such cards.
