soldier
08-02-2006, 10:43 AM
Innovative Card Technologies , better known as InCard, has found a way to build a display, battery and password-generating chip into a card, such as a credit card.
The card, called a Display Card, generates passwords that can be used to validate online logins or transactions, for example when banking online. The cards offer an extra level of security, in addition to the traditional login name and password.
So, why produce such a card? The product comes about as financial services companies are under increasing pressure to improve the security of online transactions.
Aided by a Taiwanese display maker, a U.S. battery manufacturer and a French security team, it took InCard four years to develop the card.
However, with every project comes challenges. InCard were greeted with power consumption, thickness and flexibility challenges. The result is a card that's as thin and flexible as a regular credit card and is guaranteed to work for three years and 16,000 uses.
One possible barrier to the card's success is it's cost. A credit card with a one-time password generator costs just over $10, much more than the approximately 40 cents it costs to produce a plain card and $5 for a traditional password-generating key fob. [ Prices are in $US ]
InCard closely controls the rights to produce the one-time-password cards. The card is ready for mass production, according to the company, which plans to license the technology to other players so more cards can be manufactured when needed...
The card, called a Display Card, generates passwords that can be used to validate online logins or transactions, for example when banking online. The cards offer an extra level of security, in addition to the traditional login name and password.
So, why produce such a card? The product comes about as financial services companies are under increasing pressure to improve the security of online transactions.
Aided by a Taiwanese display maker, a U.S. battery manufacturer and a French security team, it took InCard four years to develop the card.
However, with every project comes challenges. InCard were greeted with power consumption, thickness and flexibility challenges. The result is a card that's as thin and flexible as a regular credit card and is guaranteed to work for three years and 16,000 uses.
One possible barrier to the card's success is it's cost. A credit card with a one-time password generator costs just over $10, much more than the approximately 40 cents it costs to produce a plain card and $5 for a traditional password-generating key fob. [ Prices are in $US ]
InCard closely controls the rights to produce the one-time-password cards. The card is ready for mass production, according to the company, which plans to license the technology to other players so more cards can be manufactured when needed...