Dynamics Inc announce a new prototype credit card for the solution to credit card fraud in Las Vegas at the Consumer Electronics Show (CES) 2012.
The card is powered by a tiny battery, and generates a different security code (usually the three digit code printed on the back) every time it's switched on. The number stored in the magnetic strip also changes so it can't be cloned, at least with current technology. When the card is 'off', the magnetic strip doesn't store the correct number so thieves can't 'skim' a card in a restaurant.
The card is the size of an ordinary credit or debit card, and the battery inside lasts for three years. Dynamics Inc, says that its 'powered cards' can also be used for cards that offer access to several accounts from one card, or cards that hide a portion of the number unless a PIN is entered.
Source: dailymail.co.uk
