Related Credit Card Article

"Keypad credit card could help to battle online fraud"

By admin | January 6th, 2008 | Credit Cards

In this day and age an increasing number of people shop for all sorts of items online, from weekly groceries to holidays, clothes, gifts, entertainment, and more. However, one thing that all online shoppers fear is becoming the victim of fraud, particularly given that they have to enter their credit card details onto the site. Whilst many websites are secure and use sophisticated software to protect shoppers many people are still concerned about using their credit cards online.

However, credit card giant Visa has said that it may have developed something that could restore confidence amongst consumers and could help to cut down on credit card fraud. This comes in the form of a credit card that actually has its own LCD display and keypad. The credit card is going to be tested in the UK next year according to reports. The credit cards are fitted with batteries that last around three years, and this enables the display to function.

Every time an online purchase is made the buyer has to input their PIN into the card keyboard. This will result in a special code coming up on the LCD and this code is then entered online to be approved by Visa’s servers, at which point the transaction can be completed. Visa officials have said that if the card does prove effective and popular it could help to boost the popularity of online shopping.

One official from Visa stated: ‘We saw a big rise in online shopping, but consumers were still worried about fraud. We hope this new card will help allay those fears, and give consumers more confidence when shopping online.’

Related Articles:

• Credit card fraud could be tackled by state of the art card

  According to a recent report a new state of the art credit card that is due to be trialled in the UK next year could help to minimise on credit card fraud. Many people use credit cards to make online purchases these days, and there are concerns that many of those using their cards to...

• Prepaid cards could help consumers to minimise the risks online

  According to a recent report an increasing number of consumers in the UK are becoming more and more wary of shopping online using their credit and debit cards, and this is because of the rise in CNP or Card Not Present fraud, which is making many people think twice about shopping online. The level of...

• Would you be more confident shopping online with a prepaid card?

  For many people the thought of shopping online has become something of a daunting and nerve-racking one, not because they don’t know what they are doing online but because of the sophisticated means by which fraudsters have started to carry out credit and debit card fraud. Nobody wants to become the victim of this type...

• Credit card fears should not put off online shoppers

  After the variety of horror stories that people tend to see in the news these days regarding credit card fraud and identity theft it is little wonder that so many people are nervous about shopping online for fear of becoming one of the victims of this type of crime. This is particularly true when it...

• People getting online with credit cards due to snow

  At this time of year many people dust off their credit cards, switch on their computers, and get online to do a bit of Christmas shopping, as there is plenty of choice, great value for money, and the ease and convenience of shopping from home to benefit from when shopping online. However, according to reports an...

Other Recent Articles

Use of credit cards declines whilst payday loans increase

It seems that many consumers may have switching from spending on credit card that can sometimes come with high rates...

By Reno | February 10, 2012 | Read More

Useful Tips for Credit Card Holders

Modern technology offers comfort and convenience that is often helpful for people in a fast paced everyday living. With just...

By admin | February 7, 2012 | Read More

Credit card decision by Lloyds could have serious effect on charities

For many years now, a range of leading and well known charities have been able to boost the levels of...

By Reno | January 28, 2012 | Read More

Many have to rely on credit cards to make ends meet

There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items...

By Reno | January 26, 2012 | Read More

Brits increasingly dissatisfied with credit card providers

According to recent reports, Brits are becoming increasingly dissatisfied with their credit card providers, particularly in the case of the...

By Reno | January 20, 2012 | Read More