LCD screen and keyboard on Mastercard

In today’s world, technology facilitates us to do many things in our daily lives. It helps us to do a simple thing like switching a TV channel by using a remote control to a difficult thing like processing some formulas. It makes us to lead our lives easily, quickly, and efficiently.

The BBC Technology article “New Mastercard has LCD screen and keyboard” reports that Mastercard and Standard Chartered Bank collaborated in launching a new mastercard having LCD screen and keyboard, which is used to create one-time password, in Singapore. However, it will be available from January 2013 before distributing globally. It is regarded as more secure than the existing card. In the future, the card will be developed to show basic information such as credit limit, credit balance, and cumulative point on the screen.

In the past couple years ago, we can access to an internet banking via mobile phone, but from now on we are likely commit fundamental financial transaction on our own credit card. I think this is such fast-moving technology.  We do not need another gadget to facilitate us accessing to online banking. I cannot imagine how easy we can log in online banking at one time like one-stop service.  As a matter of safety is concerned, if the card holder is robbed and threatened to tell the password, the robber also can easily get into the account. For this reason, it seems that using traditional token to access the online banking is much safer. This is because we will never keep to username and the token at the same place.

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Reference

New Mastercard has LCD screen and keyboard. (2012, November 8). BBC Technology. Retrieved November 12, 2012 from http://www.bbc.co.uk/news/technology-20250441