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Friday May 15, 2009 10:06 am
Visa Tests Emue Credit Card
In an effort to combat credit card fraud, Visa is testing a new card. The Emue generates and displays a new code each time it is used. A PIN number is used to generate the code that is displayed on an alpha-numeric screen built into the card. There will also be an account number, magnetic strip and 3 digit security code. A three year battery is used in the device so that the card will expire before another is needed. A pilot study to test the new card should be completed by the end of the year.
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| Banking Times
- Related Tags:
- alpha-numeric screen, credit card, emue, fraud, pin number, security, visa
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Comments:
This is really cool. I think that this issue is now more relevant than ever. We are with you constantly see and hear how often stolen database of credit cards, and enjoy these fraudsters. Let’s hope that this new development will help us to protect my money
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