News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Gemalto Launches Credit Card with Online Security Functionality – Nov. 22, 2010

Gemalto Launches Credit Card with Online Security Functionality

Nov. 22, 2010

Dutch payment card manufacturer Gemalto recently introduced what it claims is the industry‘s first credit card to combine one-time password security capabilities with standard payment. It demonstrated the innovation and announced its availability in the U.S. at a recent trade show in San Antonio. This innovation allows banks to provide a single card that delivers both payment and increased security for online transactions. “Our brand new Ezio product equips end-users with a security token embedded in a form-factor they are very familiar with, guaranteeing high user acceptance,” said Ove Wedsjo, head of e-banking at Gemalto. “It allows for bankers to lower their fulfillment costs and at the same time significantly increase online security.” A one-time code is digitally generated and displayed by pressing a button on the card’s face. The card becomes a second factor of authentication, allowing the user to enter this unique and non-reusable numeric code on a Web page, in addition to their user name and password.

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Daniel Leibovitch