To shop online and not worry about your information being stolen…ah. Well, the technology has arrived. Will banks will offer it…is another question. According to StoreFrontBackTalk, two security firms have developed a fully-functional credit card with a tiny monitor and button that will issue one-time passwords.
Verisign and Innovative Card Technologies (ICT)—announced Tuesday that they are jointly trying to sell this concept to various credit-card (and debit card) issuers, with per-card prices ranging from $10 to $30, depending on volume purchased. That compares with a traditional card that costs less than a dollar.
The concept of the card is powerful and timely, as retailers are desperately trying to improve credit card security, especially for online transactions. With thefts of credit-card identifying data growing rampant, the idea of an authentication code that—in theory—couldn’t possibly be stolen from some retailer’s database is quite compelling.
Read the entire acticle, "New For Your Wallet, Secure Credit Cards With Displays and a Button" by Evan Schuman