Identity in Payment, Banking, Transit, Loyalty, Parking

Turkish Bank issuing debit cards with built in displays

Friday, June 4, 2010

Turkish Bank TEB has announced the debut of a new MasterCard payment card set to be officially issued to customers starting in July.

The bank will be the first to offer the product what it is calling “the next generation debit card” which contains a built in display for control and security.

The display feature makes it the first interactive card on the market. In association with NagraID Security, the MasterCard payment card technology works like a traditional debit card but has an small display window and touch sensitive button that when activated allows cardholders to view information.

Some of the uses include the ability to view passwords, account balances and spending limits with the touch of a button. Additionally, the remote authentication capability of display cards make them very attractive to cardholders doing online banking or online purchases and looking to securely facilitate remote online transactions.

The launch in July will be the initial offering to test authentication functionality but furthering the technology even more is already in the works. [end] 

Related Articles
Survey: Germans coming around to NFC, contactless payments

A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

read more »
Six German banks to issue contactless Visa cards

Visa Europe has announced that six of Germany’s leading banks are launching Visa payWave contactless services in 2012.

BW Bank, comdirect, DKB, Landesbank Berlin, TARGOBANK and Volkswagen Bank have all confirmed their plans to roll out payWave technology by the middle of next year.

read more »
Singapore sets mandates for ATM cards with smart chips

In an effort to reduce fraud, the Association of Banks in Singapor announced that it has set guidelines regarding the implementation of smart chips in ATM cards in Singapore.

read more »
Sparkasse issues 1.3 million contactless bank cards

German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

read more »
Precise develops smart cases for mobile devices

Precise Biometrics has developed a new line of “smart cases” for brands of tablets and smart phones to be released in 2012 and 2013. The new smart cases have built-in card reader and fingerprint sensor enabling users to both secure their devices as well as replace various password-based security for protected online sites and applications.

read more »
I Love Velvet mobile payment obtains EMV2 certification

Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

read more »

Copyright © 2012, AVISIAN, Inc. All rights reserved.