As if there wasn't enough temptation to get into
debt, credit card manufacturers are now looking to stick fancy displays and keypads
directly onto cards. The "Credit Card Embedded Authentication Device" was put together by Innovative Card Technologies and eMue Technologies, and uses the screen and keypad to provide security for online and mobile based banking transfers: the user enters their pin into the card, which gives back a one-time use code to authorize online transactions. The card will get its "consumer debut" -- whatever that means -- in Paris this November, at the Cartes & IDentification event.
[Via
Bsams]
Reader Comments (Page 1 of 1)
Matt @ Oct 29th 2007 8:43AM
Woohoo built-in tip calculator!
blade417 @ Oct 29th 2007 8:53AM
That's a pretty cool device. There's still a lot of questions about this thing that people will have. What if you put it in your pocket or wallet and the little buttons get pressed and enters the incorrect pin? Does your card lock out? How difficult is it to get your access back? Does it play doom? If you cut it in half will you get electrocuted? Will it cut itself in half? Is it emo? Does it need to be charged (I mean charged like battery power and not buying things). Is there a memory card slot? Does it play mp3's? Etc etc....
michas_pi @ Oct 29th 2007 10:29AM
You forgot "will it blend?"
Jack @ Oct 29th 2007 10:39AM
is it battletoads?
Kaminix @ Oct 29th 2007 8:57AM
Awww, I thought it was going to show me how much money I have left on my account. Now that could have actually been useful!
Well, premiere this November... that's fast. Wonder when we'll get something like it in Sweden.
Tom Reinke @ Oct 29th 2007 11:00AM
That would come in handy seeing as how I NEVER balance my checkbook for my checking account.
N30 G30 @ Oct 29th 2007 11:24AM
I don't think they would ever do that. People might actually start to spend their money wisely.
Me: "Should I buy this new laptop?"
Display: "You have negative 17,038 dollars and 32 cents."
Me: "Damn it!"(Depressed, buys new laptop to make myself feel better.)
Me: *Smiling* (for now atleast)
actually, they might do it.
Kspraydad @ Oct 29th 2007 8:59AM
Whats with the PIN requirement...could they not have a fingerprint reader built in too?
John @ Oct 29th 2007 9:01AM
consumer debut - first use by actual end users rather than testers.
enrique segre @ Oct 29th 2007 9:06AM
all the comments are directed to a first world country, here in Mexico if they steal your card(which they will) they will have your pin number and in some of the comments also the amount of money in the bank.
I keep my electronic pin device in the office -home and never carry it with me.
And that is for security only.
Galley @ Oct 29th 2007 9:13AM
My bank already offers one-time use codes, but this would be a lot more convenient.
Wakka @ Oct 29th 2007 9:18AM
Natwest Bank in the UK have recently started distributing small card readers that serve a similar purpose to this though are not built into the card itself (you have to insert your card). It generates a one-time use code each time you use it for online banking.
Montusama @ Oct 29th 2007 9:19AM
Are we really at the point where a keypad, a screen and a battery can fit inside credit cards of today? seriously they already thin....I don't really see it.
Zach Fichtler @ Oct 29th 2007 10:09AM
"Are we really at the point where a keypad, a screen and a battery can fit inside credit cards of today? seriously they already thin....I don't really see it."
The card actually has to be plugged into a wall outlet to generate a code.
Michael @ Oct 29th 2007 11:18AM
Totally un-hackable.
Generic @ Oct 29th 2007 11:23AM
it's about time to make a convenient way to use my credit card online without worrying about my card number floating in the ether.
I know it is encrypted and all that but what about the not so fortunate security breaches that eventually occur because of the hardwired bug "homosapiens".
This is a must have for me.
Isindil @ Oct 29th 2007 12:50PM
I really think it would have been better to embedd credit cards into other stuff, than embedding stuff into credit cards.
LikesGadgetsWillTravel @ Oct 29th 2007 1:11PM
Citibank already gives me one-time use numbers, as well as card-numbers which I can restrict to $-amounts and/or expiration date. When I order online, I create a card# that's restricted to the exact amount of my purchase.
Plus, it's a lot more convenient, because I get those card#s ONLINE -- so I can just copy/paste them, and don't have to mess with a tiny display, and retyping numbers.
DiscoverCard has the deskshop -- free one-time-use card#s online -- been using those for years.
American Express tried that too, a few years ago -- I still have the free smart-card reader somewhere.
Personally, I feel having a credit-card that requires a PIN to use is LESS secure than one that doesn't. If I get mugged, and have this thing stolen from me, there's a chance I'll wind up with a gun to my head demanding to know the PIN. OTOH, if they take my wallet now, they leave thinking they can rob me blind, while I make a couple of phone calls to have my cards canceled.
Darak @ Oct 29th 2007 3:53PM
It seems to me that in the modern age of technology and technological sex appeal, the card companies could at least spring for an attractive OLED display instead of the display I have on my 12 year old handheld Wheel of Fortune game.