The first of a new generation of ultra secure bank cards has started to reach the Far Eastern markets. These clever cards integrate a small security dongle and an eInk e-paper display to create a more secure device for remote purchases and online banking.
In order to use the card to buy something or access their online account, the user has to press a button on the back, and a fresh 6 or 8 digit security PIN number is flashed up on the screen. The idea is that this number will eventually replace the 3 digit security number we have on the rear of our cards at present.
The battery in the card lasts for around 3 years (i.e. the life of a normal bank card) and the additional security is probably a welcome addition for anyone who’s suffered from card fraud at some point. ‘Several million’ cards are currently on circulation in countries like South Korea and Japan, expect to see them over here soon.