Are Credit Cards with Keypads the Future of Banking?

(Ping! Zine Web Tech Magazine) – MasterCard revealed something quite interesting on Tuesday: A credit card that actually features an embedded LCD display with numeric digits.

Card owners are able to use the feature to secure their cards by generating one-time passwords.

In a press release, MasterCard said the new cards “herald a new era in card payments.” To make the initiative possible, the company teamed up with NagraID Security.

MasterCard is providing the cards via Standard Chartered Bank Singapore.

“MasterCard continues to be at the forefront of payment technology. From launching the first ‘paper’ card in the 1950s, to introducing magnetic stripes and EMV chips for secure, digitised payments, we are pleased to have been able to support the launch of  Singapore’s first Display Card by Standard Chartered,” commented MasterCard’s Matthew Driver.

The popular credit card maker first introduced a card with display capabilities around two years ago.