Feeds

Singaporeans get hard token baked into credit card

What happens when you sit on it?

Protecting against web application threats using SSL

Two-factor authentication just got a whole lot more convenient for residents of Singapore, after Standard Chartered Bank's local outfit teamed with MasterCard to offer account-holders a credit card that is also a one-time-password-generating hard token.

MasterCard calls the device a 'Display Card' and says it includes “an embedded LCD display and touch-sensitive buttons”.

The hard token functionality seems not to have anything to do with the credit card, as Standard Chartered says it will be used with its online banking products when customers make “ higher-risk transactions such as payments or transfers above a certain amount, adding third party payees, or changing personal details.” If it behaves as other hard tokens do, punters enter a code with the keyboard, read the resulting one-time-password on the screen and then enter that code into the computing device they're using for online banking. Logon credentials for online banking service will still be required.

The card's been doing the rounds of Europe for a couple of years now, scoring a few wins with Turkish, Romanian and Belgian financial institutions.

MasterCard's DisplayCard includes a hard token one-time password generator

We're pretty sure a decent hard token would never produce the password '123456'

But the win at Standard Chartered, a British outfit with global footprint, gives the technology useful profile.

Nagra ID security, the Swiss company behind the token-in-a-card, insists the device will sit happily in one's wallet and offers a three year warranty, which we believe makes it safe to sit on. The card is, in all other ways, a completely conventional credit card and can be embossed, branded and carry holographic security devices like any other credit card. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.