The Credit Card That Aims To End Fraud

For about as long as credit cards have existed, there have been companies that have worked hard to figure out the best possible methods of keeping their data safe. There have been some good attempts made in the past, but it seems it’s impossible to find a good blend of security and convenience. After all, while extreme security is nice, 99% of people (I am hauling that stat out of the air) aren’t going to be willing to spend five times as long to make a purchase as a result.

The implementation set forth by company Dynamics might just be the best one I’ve ever seen, however. Imagine a card without static digits on its face and back. Instead, there’s a digital readout that displays numbers when required and removes them when the transaction is done.

With such a card, a purchase process would demand a little more effort on your part than what you are used to, but the benefits should totally overshadow that. When ready to make a purchase, you’d input your security code onto the card itself, at which point the card generates a unique number (that’s still tied to your ultimate account). This number is then displayed on the front of the card and also embedded into the strip on the back. Once the transaction is complete, those numbers are purged.

Because of this implementation, if you were to lose your card somewhere, it’d be of no use to anyone who stumbled upon it. That’s far better than finding a credit card today, where all information required to make a purchase is found on the front and back.

This looks promising, but I do hope that security researchers research the heck out of this thing before it goes into mass market. The last thing we need is for these to be in everyone’s wallet and then some major vulnerability be found.