Our next item is the credit card that looks like a pocket-sized calculator that is as thin as a credit card. And, it turns out, it is a new credit card coming from MasterCard. The above video from Digital Trends (November 9th, 2012) gives a brief overview of the “next generation card”. MasterCard had reviewed on YouTube (see ~ 4:25 of the video – we had audio problems however) the coming “Maestro Display Card” name about a year ago. Display Card should have been sufficient naming of the card – that Maestro name has apparently disappeared per the above DT video.
The MasterCard video was produced with the help of the (“slightly mysterious”) NagralID group. The new Display Card is to be released in Singapore (next year). The credit card will have a keypad with a small LCD display. This new type of card is meant for those with “large accounts” that need that extra level of security. The BBC News has reported that the card will go worldwide after the initial phase. This card should offer a “two-tier level” of security in that the card holder should generate a unique password/passcode each use. Unfortunately the lack of audio on the MasterCard/NagralID video doesn’t offer a teachable moment on that piece of information.
The BBC News article also points out that a similar card was previously issued by Visa? That was the CodeSure card that is/was available in Europe. The main difference appears to be that this card has a dot matrix screen versus the MasterCard LCD screen. Again, the Visa CodeSure was (in part) developed by Nagral Security. Both cards have an “on/off” style button (to conserve battery power, apparently). That begs the question “What happens when the battery runs out?” Well, at least the CodeSure card is warranted for at least one year.
A “microsite” on the rather complex nidsecurity.com website (or PDF) gave a release that a similar MasterCard had been dropped on Turkey about last year. And, possibly, previously in Paris. The transaction process with the previous card (Paris) seems complex. Perhaps the news release/s of date are about a card with a simplified operation. However, nothing seems sure in the credit card field. They may be phased out by NFC cards with Google Wallet that will synchronize with your smartphone. It seems likely that the next generation calculator-style credit card is already obsolete.