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.
Read More | Banking Times
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