November 11 2008 / by John Heylin / In association with Future Blogger.net
Category: Gadgets Year: 2010 Rating: 5 Hot
Visa Europe is working hard for your money, and in doing so they have come up with a credit card capable of switching around your security code everytime you enter your PIN on its touchpad. “An alpha-numeric display and keypad is built directly into the card. When making a transaction online, customers type their PIN into the card, which creates a one-time security code.” Visa is working with four major banks, including Bank of America in the UK, to develop this card. Videos of how it works can be found here and here.
This is quite amazing. Having a touchpad on your credit card ensures that the code on the back of your card (that little number, usually three digits, on the back) could never be compromised without a thief knowing your PIN number. I wonder though if the numbers you press would look worn, making it easy for the thief to determine what you PIN is.
Although it’s kind of unnerving to think that your credit card has a battery life, the fact that it can run for three years could help boost confidence. You could possibly even charge it at your local bank every year on a simple flat tray. Of course, someone hacking into it within a few days is possible but by then hopefully you’d have canceled it. All we need now is a credit card that can take your fingerprint.
Check out more at ITPRO