New Visa Card Features Keypad, Generates Random Security Codes

[Shadows]

In response to popular concerns with online credit card fraud, Visa Europe has announced a newly designed credit card, complete with a keypad and digital number display, according to the Daily Mail.

While the credit card is of the usual size and features a credit card number and magnetic strip for use with conventional card readers, it does not have a security code number in the traditional sense. Instead, cardholders will enter their PIN into the keypad, which will then generate a random number on the display. This random number will serve as the cardholder's one-time security code, which can then be entered to make online purchases.

While we're all about ways to combat identity theft, and think that this card is as valid a solution as any, we still know better than to immediately jump on board with new technology, particularly when it has to do with money, and even more particularly when we're in the middle of a recession. We'll let some other folks try it first, and then have them tell us how it works out. [From: The Daily Mail]

New Visa Card Features Keypad, Generates Random Security Codes - Switched

 

[2Pax]

I don't think that's really needed, aslong as people take adequate precautions the current method is safe.

 

[Shadows]

^not if u got brat kids @ home.

 

[_carmi]

i think that's a bit too much seriously

 

[Prize Gotti]

I think its a great idea. The CCV code is there to prove that you are in possession of the card, but once you give that CCV code to some one online or over the phone, they have all the information they need to pretend they are in possession of that card.

Have a random code each time would stop that from happening.

 

[2Pax]

^not if u got brat kids @ home.

If the kids can use a normal credit card online then they will also be able to use this, very little difference.