MasterCard has unveiled a new payment card that features a built-in display and touch-sensitive buttons. The company has partnered with Standard Chartered Bank Singapore to create Singapore’s first interactive payment card. Manufactured by NagraID Security, the MasterCard Display Card works like a regular payment card but is outfitted with an LCD display and touch-sensitive buttons which, according to the company, will allow users to One-Time Password (OTP) as an authentication security measure. MasterCard says that the card will have more functionalities in the future and will also be able to indicate other real time information such as available credit balance, loyalty or reward points, recent transactions, and other interactive information.
For now, the MasterCard Display Card will be made available only to Standard Chartered Online Banking customers. “MasterCard continues to be at the forefront of payment technology. From launching the first ‘paper’ card in the 1950s, to introducing magnetic stripes and EMV chips for secure, digitised payments, we are pleased to have been able to support the launch of Singapore’s first Display Card by Standard Chartered,” said Matthew Driver, the President of MasterCard South East Asia. “With the continued growth in online and now mobile initiated remote payments, consumers are naturally demanding increased security. The innovative features of the Display Card serve to address this need, whilst empowering consumers to do so much more with their payment cards.”