Credit card of the future could stop fraud
March 26 NEW YORK
As banks seek to reduce fraud, one credit card maker has a prototype with a constantly-changing code on the back.
This week,received an early model from the French company Oberthur Technologies. Expect it in 2017 if it catches on with major banks. The mini ink screen is powered by a lithium-ion battery (like a phone) the size of a postage stamp that's designed to last three years. A computer chip randomizes the number every 40 or 60 minutes.