Citibank released the new 2G card, which has a programmable magnetic strip and buttons on the front for users to choose to use it as a credit card or to spend reward points.
A trial is currently ongoing and, if successful, it could roll out across the country.
Credit card companies are developing a range of cards that can talk to their owners. later this year, will have wafer-thin microprocessors and will run on batteries that last up to three years.
They will also be able to display your balance, while also doubling as a reward card, it is promised. As companies try to tackle rising fraud, the card will only display personal information after a security code has been entered. Investor Forrest Parry could not get the strip to stick to the back of the card without damaging the data.
It's a great way to make some easy money and have a good time while you're doing it.Registering will get you more options, and using an email address when registering will grant you access to our full range of features. Some 40 years after the humble magnetic strip changed banking forever, a new high-tech credit card is heralding another revolution in personal finance.Over at Mastercard, the company has just released a card that has a small LCD screen which displays a one-time code which the customer can use to make an online purchase.
It means even if someone’s credit card details are stolen, they will be useless to buy anything with without the one-off code.
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