Creditcard Keypad

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?

You should be cautious whenever you tap your valuable bank particulars onto a web site.  The UK Cards Association reported that on line banking losses had elevated to £59.7m in 2009 – that is a 14 per cent rise from the year just before.

Having said that, Visa Europe’s leading payment method has not too long ago introduced a remedy: a revolutionary Visa card that aims to improve the safety of on line transactions.

Following a lot of consumer pilots and extensive trials, Visa has announced that their innovative CodeSure card device is able to be taken by banks and will shortly be accessible to UK clients as an selection in any daily credit card comparison.  For the initial time ever, the security device is going to be embedded within the card itself, with no additional will need for an additional card reader.

From the front the item looks just like a common debit or credit card, but on the reverse it boasts a built-in 12-button keypad and an LCD display just above the signature strip.  The new Visa CodeSure is also compatible using the pre-existing ‘Verified by Visa’ systems exactly where users tap in a private password right after they’ve submitted their bank particulars on the web.

It is most likely to be put to use for purchases cards (as opposed to, say, 0% stability transfer credit cards) at 1st.  The technologies will work for any Visa debit, credit, pre-paid or commercial card.  Validating an on the internet transaction could be achieved in 3 very simple actions.

Right after typing within your card quantity as typical on the internet site, you then activate the authentication procedure by pressing a “Verified by Visa” choice your card’s keypad.  Then, you will be then prompted to place within your PIN code into the keypad embedded within the card.  Lastly, a one-time-pass code then seems on the card’s display, which you then use to authenticate the on-line transaction.

Visa claims that this new technologies on the web fraud will substantially lessen fraud, because the card owner needs to enter their PIN for just about every transaction they make.  Alzetta is confident the card shall be as durable because the standard cards we use each day. While the technologies will likely be a lot more high-priced to create, banks are expected to obtain on board in a bid to decrease fraud and improve on the web security.

So for people who are concerned about on line security, the Visa CodeSure can be a welcome improvement – plus the new technologies could possibly be within your hands extremely quickly. Visa has announced that its UK clients will need to obtain a brand new card inside months, instead of years.

Identity theft has almost become commonplace these days. One of the easiest ways for someone to ruin your good name is to snatch your credit card info online and rack up a small fortune. Thankfully there are solutions like the Keypad Credit Card that will render the card virtually useless without your passcode.

The Keypad Credit Card features a small numberpad on the back of the card which you’ll use to input your PIN. It will then generate a one-time use passcode that you can use when processing online transactions. I’m not one that usually gets paranoid about making online purchases, though I’m sure that many people would rest easier having this extra layer of protection.

There isn’t a lot of information on this product just yet, so there are still a few questions left unanswered. My biggest concern is how this will affect your everyday purchases at brick-and-mortar stores. I like to use my card because it’s quicker and easier than messing with cash, having to enter a PIN on my card just so I can get a new number to enter would certainly become a hassle. I would imagine that regular transactions would work much the same as they do on any other credit card.