NextGen Credit Card with Integral Keypad Offering Secure PIN Authentication

NextGen Credit Card with Integral Keypad Offering Secure PIN Authentication

Heralding what may transpire to be the next line of defence against the ever persistent curse of electronic banking and credit card related fraud, this credit card, developed by Innovative Card Technologies in collaboration with eMue Technologies, comes complete with its own on-board keypad, embedded display unit and integral microprocessor allowing for card based PIN authorisation.

Known as the Credit Card Embedded Authentication Device, the smart credit card comes with a number of modes offering PIN authenticated single use and even remote card validation via authentication servers allowing for more secure web based transactions.

Of course, whilst this device undoubtedly offers considerable security benefits (certainly in relation to internet shopping) one problem remains – and that is that, should someone else know your PIN then this technology will be rendered wholly redundant.

Which leads us on to wondering whether, in a bid to gain your PIN in order to use such cards, devices such as this will ultimately lead to an increase in violent crime associated with fraudulent activity – after all, just how secure is your PIN when faced with a gun pointed squarely at your head?

[Source | Gizmag]

Related Stories on TFTS:
  • T-Mobile Now Offering Square Credit Card Readers In Retail Stores

    T-Mobile Gets Friendly With The Square Credit Card Reader, Will Soon Have Them Available In Select Retail Locations

  • Global Payments Credit Card Processing Company Hacked, Millions of Cards Exposed?

    Visa, MasterCard, American Express, Discover & Bank of America Card Owners at Risk Following New Hack

  • New Trojan Found Able to Target Hotel Payment Systems

    Malware Threat Stealing Credit Card Data From Hotels Discovered, Can be Purchased for $280

  • Xbox 360 ‘Hack’ Used to Access Credit Card Information on Second Hand Consoles

    New Report Details Unknown Xbox Vulnerability, User Sensitive Data at Risk?

  • Barclaycard PayTag Announced For Those In The UK, Will Arrive As A Credit Card Sized Sticker With NFC Capabilities

    Barclaycard Announces The PayTag, Means Those Without An NFC Capable Phone Can Soon Make Mobile NFC Payments

  • Mac Users Warned Against Phishing Scam

    Official-Looking Scam Email Targets Unsuspecting Apple Users & Asks to Input Details Like Usernames, Passwords & Credit Card Numbers



  • Comments are closed.

    We think you may also like: