05 July 2015

Taiwan's Bank SinoPac issues credit cards with digital display

14 October 2010  |  10812 views  |  0 Mastercard, Miss Switzerland

Bank SinoPac in Taiwan has issued the first MasterCard credit card incorporating a digital display for one-time-password authentication.

The MasterCard "SinoPac Display Card" uses technology developed by Swiss-based NagrraID Security. Cardholders shopping online tap a button on the card, and a six-digit screen in the top right corner displays the one-time dynamic password.

Desmond Jiang, president & chief executive of channel marketing, Bank SinoPac says: "We believe that this initiative will lead consumers in Taiwan towards more advanced and user-friendly payment solutions including mobile."

In June this year, Turkish bank TEB, a subsidiary of BNP Paribas, was the first issuer to use the NagraID display technology on a debit card.

Similar technology is being deployed by Visa using a system developed by Australian-based firm Emue.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

05 October, 2010
03 June, 2010
02 June, 2010
08 January, 2010
18 November, 2009

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Barclays takes on Apple with wearable paym...
9063 views comments | 39 tweets | 35 linkedin
Singapore pledges S$225m to fintech
8351 views comments | 31 tweets | 23 linkedin
US banks pump $16.6bn into digital transfo...
7231 views comments | 36 tweets | 24 linkedin
Greeks flock to Bitcoin
6157 views comments | 31 tweets | 18 linkedin
UK payments regulator calls for 'pipes and...
5703 views comments | 27 tweets | 20 linkedin

Featured job

to £65K base, double OTE
London, UK

Find your next job