Wednesday, 1 April 2015

New Credit Card Technology With Constantly Changing CVV Code Could Help Combat Fraud

From Inquisitr –

“Credit card fraud and identity theft affect over 20 million people every year, and while credit card technology is advancing to try to fight it, it’s doing so at a painfully slow rate. If a French credit card maker has their way, however, we’ll be using special new cards with batteries and screens.

The credit card prototype is designed by Oberthur Technologies and is designed to last three years. Inside the card is a small battery that powers a mini-ink screen. The screen takes the place of your CVV code and displays a randomly generated set of three digits every 40 to 60 minutes.”

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