MasterCard and Standard Chartered Bank have unveiled Singapore’s first interactive payment card, which uses MasterCard’s Display Card technology. The next generation card, manufactured by NagraID Security, features an embedded LCD display and touch-sensitive buttons that allow cardholders to generate a One-Time Password as an authentication measure.
The Display Card is an innovative 2-in-1 device, which combines the functionality of a standard payment card with a state-of-the-art security token. In the future, it could incorporate additional functions like indicating your available credit balance, loyalty points, recent transactions, and other real-time information. Matthew Driver, South East Asia president for MasterCard Worldwide, said:
With the continued growth in online and now mobile initiated remote payments, consumers are naturally demanding increased security. The innovative features of the Display Card serve to address this need, whilst empowering consumers to do so much more with their payment cards.