NagraID Security’s new family of MasterCard designs have been approved and are ready for commercial deployment. By passing the MasterCard approval process, the NagraID designed have proven to meet the required safety and compliance ISO standard as well as possess a certain level of strength and durability.
The physical card looks just like any standard credit or debit card. The difference is a small display and button that enables card holders to use the same card for making both standard banking payment and creating two-factor one-time passwords (OTPs).
To use, card holders will have to press a button to generate an OTP to access to their online services. This provides more convenience opposed to the traditional authentication solutions that require a separate hardware token.
Other features include compliance with MasterCard’s 3D Secure Chip Authentication Program (CAP) along with a touch-sensitive keypad for electronic signature and enhance security features such as challenge-response question applications and PIN code card protection.