Feeds

Singaporeans get hard token baked into credit card

What happens when you sit on it?

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
OpenSSL Heartbleed: Bloody nose for open-source bleeding hearts
Bloke behind the cockup says not enough people are helping crucial crypto project
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Bad PUPPY: Undead Windows XP deposits fresh scamware on lawn
Installing random interwebs shiz will bork your zombie box
Experian subsidiary faces MEGA-PROBE for 'selling consumer data to fraudster'
US attorneys general roll up sleeves, snap on gloves
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.