SKIRMISHER

The Credit Card Embedded Authentication Device has a 12-button keyboard, a microprocessor and an embedded alphanumeric display, which promises to provide unprecedented security in phone and online banking transactions. How does it work? Let’s check it out:

A user can enter his or her secret PIN into the card’s keypad to receive a numeric passcode for one-time use. To authorize a banking transaction, the passcode is entered into an interface and instantly validated by an authentication server. This process removes the need to enter a PIN into an unsecure device such as a web browser and provides a user-friendly defense against electronic banking fraud - a problem that costs financial institutions an estimated $4 billion annually.

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