Isn’t it about time for a credit card for the 21st century? Mastercard has done just that with its new “Display Card.” It’s the same size and has the same functionality as a regular credit card, but it also has a digital display on the front as well as a numerical keypad.
The main purpose is to allow customers to create a one-time password for online transactions. In many countries, due to heightened security concerns, it is common for customers to carry around a separate fob device(The Token) that generates one-time passwords for them. Card transactions and banking access are restricted for these users unless they provide this password.
With the Mastercard Display Card, though, users would need to key in an authentication code on the card itself, rendering it useless if it falls into the wrong hands. The card is currently being introduced in Singapore.
No words yet on when it will be introduced in Nigeria.
