Launches payment card that creates its own security

post Category: Internet — Tommy @ 9:44 pm — post Comments (1)
postJuly 9, 2008

Visa will come card fraud to life by using a credit card that generates its own security.

The innovative new card from Visa Europe comes with a built-in Code generator to create uniqe codes that must be used when you are shopping where you do not physically “pull” the card or use the ATM. It applies primarily to shop online, where the user must enter the card number to pay.

In such cases, you will be asked to enter your pin code on the card’s built-in keyboard. Then the card will give you the uniqe code that you need to finalize the transaction.

This means that even if some people have copied the card or the card information, they wont be able to use the card for shopping because they do not generated the necessary uniqe code.

Currently, the new card will be launched in a pilot project. If the outcome successful,

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1 person has left a comment

#1

Where did you get your blog layout from? I’d like to get one like it for my blog.

Aaron Wakling wrote on July 9, 2008 - 10:15 pm
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