MOUNTAIN VIEW, Calif. — VeriSign, Inc., a leading provider of digital infrastructure, and Innovative Card Technologies, Inc. have joined to produce a card that will make it easier for credit unions, banks and retailers to issue and accept payment cards embedded with one-time-password (OTP) authentication to protect their online transactions from fraud.
Companies that use VeriSign Identity Protection (VIP) can adopt the ICT DisplayCard, a revolutionary new "smarter" payment card with built-in identity authentication, the firms said.
The ICT DisplayCard integrates the security of a one-time password token into a card the size of a standard credit or debit card. At the push of a button on the back of the card, an integrated display shows a password that changes with every transaction. During an online transaction, this number is entered into a user interface with other information (such as the user's static PIN and login name) for multifactor authentication.
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"For businesses to inoculate themselves against online fraud, they must make it convenient for consumers to authenticate their identity with every transaction," said Fran Rosch, vice president with VeriSign. "Integrating the ICT DisplayCard with VIP gives our customers more protection than ever, and illustrates VeriSign's commitment to offering the latest methods of authentication in form factors that accommodate the way consumers live."
"VeriSign's extensive experience securing digital transactions make them a strong addition to InCard's partner network," said John A. Ward III, InCard Technologies' CEO. "We look forward to providing VeriSign's clients with an additional layer of strong authentication in the best possible form factor for one-time passcode generation–a card that fits in a wallet."
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