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TheStreet Open House

MasterCard With OTP Display (Photo: Business Wire)

Stocks in this article: SYMC

RSA Conference Booths #1316 and 2037 – NagraID Security, a Kudelski Group (SIX:KUD.S) company, MasterCard Worldwide and Symantec Corp. (Nasdaq:SYMC) have teamed up to introduce the MasterCard® “Display Card,” bringing strong authentication functionality on a payment card to the United States.

MasterCard with OTP Display (Photo: Business Wire)

MasterCard with OTP Display (Photo: Business Wire)

Recently piloted and launched in Europe and Asia, the “Display Card” complements existing card security features through the use of Symantec’s VeriSign® Identity Protection (VIP) Authentication Service and NagraID Security card technology. By building this authentication technology into debit and credit cards, cardholders, issuers and merchants are further protected from online fraud and identity theft.

Complementary Card Security

The MasterCard “Display Card” looks and functions like the same magnetic stripe card consumers have relied on for the past 50 years, but features a built-in display that enables cardholders to generate dynamic one-time “passwords,” providing strong authentication. The one-time password can be activated by card issuers as a dynamic card verification code (CVC2) or as an on-card activation of MasterCard SecureCode, an online security service to guard against unauthorized use of a consumer’s MasterCard card while shopping online.

“At MasterCard, we’re focused on activating new technologies to meet the evolving needs and concerns of cardholders and our customers,” said Ed McLaughlin, Chief Emerging Payments Officer of MasterCard Worldwide. “The launch of the MasterCard ‘Display Card’ in the United States is a great example of strong collaboration with our partners to deliver a solution that helps make life easier for consumers by enabling simple and safe remote payments.”

Leveraging World-Class Technological Advances

VIP Authentication Service is the leading cloud-based authentication service that enables enterprises to secure online access and transactions to help obtain compliance and reduce fraud risk. A fully hosted strong authentication Security as a Service (SaaS) solution, VIP Authentication Service is rapidly deployed and offers a cost-effective way to give legitimate users access to business resources, enterprise applications and online websites while tackling identity thieves and e-fraud cartels.

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