Singaporeans get hard token baked into credit card
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.
