Taiwan's Bank SinoPac issues credit cards with digital display
14 October 2010 | 11499 views | 0
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.