MasterCard announces payment card with keypad, liquid-crystal display

MasterCard LCD keypad card

Introduced earlier this week on the MasterCard newsroom, the credit card company has partnered with Standard Chartered Bank Singapore in order to release an interactive payment card that looks similar to a pocket calculator. Located at the top right corner of the card, a member of Standard Chartered Bank Singapore will find a liquid-crystal display that shows up to six digits. Along the bottom front of the card, the user will find a a ten-digit keypad. There’s also an “OK” button to confirm the number entry and a “C” button to clear the number currently being displayed on the small LCD. At the bottom right corner of the card, the user will find a “ON/OFF” power button to activate the display.

mastercard button pressThis card has been designed for transactions that require a higher level of authorization. When a new cardholder first acquires the card, they will be able to generate a one-time password as an authentication security measure for the future. Regarding uses for this new security feature, the Standard Chartered Bank Singapore is using it for transactions above a specific amount, altering personal details connected to the account number and adding third party payees to an account.

When asked about the new interactive payment card, Matthew Driver, division president of MasterCard Worldwide in South East Asia, stated “With the continued growth in online and now mobile initiated remote payments, consumers are naturally demanding increased security. The innovative features of the Display Card serve to address this need, whilst empowering consumers to do so much more with their payment cards.”

According to MasterCard, the company is also looking into utilizing the LCD display on the card for other functions related to personal finance. For instance, the display could show the current balance on the account or the remaining available credit. Eliminating the need to visit the company’s site to check out this information or wait on a paper statement, the card could also display recent transactions to help catch fraudulent use more quickly or show the current number of reward points currently attached to the cardholder’s account. 

mastercard inside partsThe Singapore subsidiary of the London-based Standard Chartered bank will start rolling out the new card to customers around the world during January 2013.  As of today, MasterCard hasn’t announced any partnerships with banks within North America that could roll out this technology within the United States. 

According to ReadWrite, Visa has a similar card rolled out in Europe. The Visa CodeSure Matrix Display Card offers an eight-digit, liquid-crystal display on the back of the card along with an extremely similar keypad. The battery within the card can last up to three years and customers that want the CodeSure card can use it as a credit, debit or prepaid card. According to Visa, customer service representatives with the banks that issue the card can use the numeric password as a way to prove they are interacting with the person that actually owns the card. The design had been tested within Europe since 2008, but finally launched commercially during late 2011.

Emerging Tech

Awesome Tech You Can’t Buy Yet: Plant-based shoes and a ukulele learning aid

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Emerging Tech

Ex astris, scientia: Star Trek logo spotted on the surface of Mars

The Mars Reconnaissance Orbiter has been boldly going to Mars and capturing images since 2005, and now it has spotted something where no man has gone before: a structure on the planet's surface which will look familiar to Trekkies.
Emerging Tech

Adobe develops tool to identify Photoshopped images of faces

With deepfake videos making headlines, and campaigns against the Photoshopping of models, people are more aware than ever of the digital manipulation of images. Now Adobe wants to give tools to users to let them spot faked images.
Emerging Tech

NASA’s Mars 2020 rover will pave the way for manned missions to Mars

Survival on Mars is a massive challenge for humanity. To cope with the highly variable temperatures, lack of oxygen and water, and high levels of radiation, the Mars 2020 rover will carry instruments to pave the way for human exploration.
Emerging Tech

Facebook builds virtual homes to train A.I. agents in realistic environments

Researchers at Facebook have created Habitat, which is a platform that enables rapid training for A.I. agents. They will receive thousands of hours of training in just a few minutes in the virtual homes.
Emerging Tech

Impossible Foods struggles to keep up with Impossible Burger demand

Red Robin and White Castle have reported Impossible Burger shortages, as it appears that Impossible Foods is struggling to keep up with demand. The company will be selling its meat-like patties in retail outlets within the year.
Emerging Tech

Pass the salt please: Table salt found on Jupiter’s moon Europa

Astronomers have spotted something unexpectedly familiar on the surface of Jupiter's moon Europa -- sodium chloride, better known as table salt. This suggests the under-ice oceans on Europa are salty and similar to our oceans on Earth.
Emerging Tech

Hubble captures explosive galaxy, the site of three recent supernovae

Hubble's latest image is of the spiral galaxy NGC 4051 which is notable for having played host to a large number of supernovae: the first seen in 1983 (SN 1983I), the second in 2003 (SN 2003ie), and the most recent in 2010 (SN 2010br).
Emerging Tech

The grainy texture of Saturn’s rings reveals clues to their origins

New analysis of data from Cassini shows that Saturn's rings are not smooth, but rather are grainy in texture. Scientists believe that tiny moons within the rings cause materials to cluster and form clumps and straw-like patterns.
Emerging Tech

The Very Large Telescope gets upgrade to aid its hunt for habitable exoplanets

The Very Large Telescope is growing even bigger. The latest addition to the telescope's suite of instruments is a tool called NEAR (Near Earths in the AlphaCen Region) which will hunt for exoplanets in the nearby Alpha Centauri star…
Emerging Tech

Your smartphone could be the key to predicting natural disasters

A challenge for atmospheric scientists is gathering enough data to understand the complex, planet-wide weather system. Now a scientist has come up with a clever idea to gather more data using smartphones and Internet of Things devices.
Emerging Tech

Tormented robot pulls a gun on its creators in latest Boston Dynamics spoof

Boston Dynamics' remarkable robots often receive a good few shoves in its videos, and the eager mistreatment recently inspired a team of L.A.-based video artists to give its rather amusing take on the matter.
Smart Home

A new survey by Adobe shows an evolving market for voice applications

A new consumer survey conducted by Adobe Analytics has uncovered a growing desire for more diversity in voice-controlled applications and devices as well as growing engagement with voice ads.
Emerging Tech

Live long and prosper? Experimental compound could slow down the aging process

Want to extend your natural lifespan beyond its current limits? A metabolite of biomolecules — found in pomegranates of all places — could help slow the aging process. Here's how.