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Taiwan's Bank SinoPac issues credit cards with digital display

14 October 2010  |  11649 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.

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