Credit Card With Keypad

By: Peter Tanner - Nov 14, 2008   Updated: Mar 31 2011
An Australian company has developed a battery powered credit card to reduce credit card fraud. There is a keypad directly on the credit card that the user types a PIN into to get a one-time use code to authenticate each online purchase. The technology is being piloted at Banks in Britain, Israel, Switzerland, and Italy.

Implications - Since the Internet became accessible, it's been a place for fraud and many have been cheated out of thousands of dollars. As security tightens up on the web, so have banking companies. With online banking being popular now, banks will continue to come up with more secure keypads and pins so that fraud is prevented. Consumers care about safety and security.