Market Overview

MasterCard Introduces 'Display Card' Technology in Singapore

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MasterCard
Worldwide (NYSE: MA), in collaboration with Standard
Chartered Bank Singapore, has unveiled Singapore's first interactive
payment card, or security token card, using MasterCard's Display Card
technology, heralding the next generation of payment cards.

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.

At present, banking institutions that necessitate a higher level of
security for their online banking services require the use of a separate
authentication token or device.

See full press release

Posted-In: News Guidance Contracts Asset Sales Management

 

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