Thursday, November 13, 2008

Battery powered credit card prevents transaction frauds.


Every day, some credit card tampering or other is being reported. Immediately, we are afraid to use our credit cards even when it is needed most.

Finally, all credit card holders can heave a big sigh of relief because a solution is on the way to prevent online credit card transaction frauds. Man, haven't we all been looking forward to such a solution.

An Australian technology firm has come up with a unique battery power super card, which they believe can fight online fraud.

The card, which includes an alpha-numeric display, built-in microprocessor, a keypad and three years of battery power, will display a one-time number with which to authenticate each online credit card transaction, whenever the user will enter the pin number.

But I believe these credit cards won't be sold to us free of charge by credit card issuing banks. The Aussie firm says that these battery powered credit cards will be sold to bank customers for between $18 and $30 each.

Hmmm.. that is costly dear.

Source: Times of India
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3 comments:

Anonymous said...

Very innovative. I hope it works.

Anonymous said...

I think the banks should issue them free since they are charging us exorbant interest fee allready.

Anonymous said...

I hope for this to work. Well very new and unique idea you have presented and in such a meaningful way. I would not leave without appreciate you. I will try I hope it will surely work.