Credit card code to combat fraud

[NucleusKore]

Source: http://news.bbc.co.uk/2/hi/technology/8046492.stm

A credit card with a built-in display is being tested by Visa with the aim of reducing online fraud.

The Emue Card generates and displays a unique code each time it is used.

Developers say that the new technology would make it very hard for fraudsters, as any transaction would require the pin to generate the code.

The card is currently being trialled by 500 employees of Deloitte with the aim of assessing the technology by the end of the year.

Read On.........

[mayanksahni]

Lets hope this can decrease the credit card thefts...........

[rosemolr]

i think citi bank have already a similar technology like this