Thursday, November 20, 2008, 10:10 AM - News
Posted by Administrator
Posted by Administrator
n response to popular concerns with online credit card fraud, Visa Europe has announced a newly designed credit card, complete with a keypad and digital number display, according to the Daily Mail.While the credit card is of the usual size and features a credit card number and magnetic strip for use with conventional card readers, it does not have a security code number in the traditional sense. Instead, cardholders will enter their PIN into the keypad, which will then generate a random number on the display. This random number will serve as the cardholder's one-time security code, which can then be entered to make online purchases.
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This innovation is hoped to be embedded into tables and work surfaces so that as soon as a device is placed on the surface, it will be able to draw power. The technology uses magnetic fields to transmit up to 60 watts of power to a distance of up to two to three feet while only losing around 25% of the power during transmission.
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