
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 Reading on TFTS
