Blog 2: Credit Cards with built in Security

A new credit card by Visa, no longer just contains the tamperproof signature strip and the embedded chip. New security features built into this credit card are intended to help improve security in online payments. The Visa Credit Card, will contain an eight-digit display and a 12 button keypad. The Visa cardholder will be able to generate a single-use security code to validate an online transaction. You are able to retrieve the security code by entering a four-digit personal identification number. Since the security code is a one time use only, even if it is intercepted by an outside source, it will not work. The card can also identify the validity an e-commerce web site through a challenge response mechanism and then will report if the web site is genuine or not. The cards battery should last for about 3 years if it is used 20 to 30 times per week. The cards will no longer contain embossed numbers on the front of the card because it already contains a battery, keypad and display. 

I think the idea of the Visa credit card with extra security features is a great idea. It will cut down tremendously on the amount of fraud from online shopping and will allow online shoppers to feel more safe and secure. A downfall of the new credit card is if someone was to find out what your personal identification number is. If someone was able to get ahold of this number, it was be extremely easy for them to make many purchases online and find out your personal information. Also, since this card is not going to contain a magnetic strip, I assume you won't be able to use it for in-store purchases. People don't like having to carry multiple credit cards with them. People will have to carry their regular credit card when making an in-store purchase and then have another card that they will use when purchasing things online. All in all, I think the new Visa credit card will eventually become something that is very common to people. It is much safer for businesses and consumers to make purchases which will make online shopping experiences much more enjoyable for both. 

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