But they're getting a makeover. In Singapore, MasterCard has unveiled a credit card to be released in January 2013 that includes "an embedded LCD display and touch-sensitive buttons," the company said this week. Eventually, this card might use its display to show "real time information such as available credit balance, loyalty or reward points, recent transactions, and other interactive information." But for now, the technology will be used to generate one-time passwords as an extra security measure.
"The MasterCard Display Card, manufactured by NagraID Security, looks and functions almost exactly like a regular credit, debit or ATM card, but features an embedded LCD display and touch-sensitive buttons which allow a cardholder to generate a One-Time Password (OTP) as an authentication security measure," MasterCard said. "From January 2013 onwards, all Standard Chartered Online Banking or Breeze Mobile Banking users will use the Standard Chartered security token card as a new personal security device for higher-risk transactions such as payments or transfers above a certain amount, adding third party payees, or changing personal details."
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