A lot of people think that mobile payments is where most establishments are headed, which will eventually make credit cards obsolete. But those cards with their magnetic strips aren’t going out without a fight.
How? By reinventing the cards to include a numeric keypad and an LCD screen.
I kid you not. MasterCard is apparently intent on launching this ‘Display Card’, which they believe is the ‘next big thing in credit card technology.’ What makes this different than the cards we have nowadays is that you have to enter a PIN number directly on the card before you can use it to pay for stuff. How this is different from keying in a number on a PIN-pad, I’m not sure.
The Display Card is going to be rolled out in Singapore soon. I personally think it’s a bit silly, but it might work. What do you think?