MasterCard has recently unveiled in Singapore its next generation of payment cards that features an embedded LCD display and touch-sensitive buttons.
The MasterCard Display Card looks and almost functions like a regular credit, debit, or ATM card but with an LCD display and touch-sensitive buttons. This allows the cardholder to generate a One-Time Password (OTP) as an authentication security measure without having to use a separate authentication token or device.
“The innovative 2-in-1 device, which combines the functionality of a standard payment card with a state-of-the-art security token, currently reflects the customer’s OTP. In future, this card could incorporate additional functionalities and be able to indicate other real time information such as available credit balance, loyalty or reward points, recent transactions, and other interactive information.”
The MasterCard Display Card is currently being issued in Singapore in collaboration with Standard Chartered Bank Singapore and will be rolled out globally starting January of next year.