One of the biggest misconceptions about credit card security is that the sensitive information is located on the front of the card. While your card number, your name, and its expiration date are important bits of information, the magnetic strip contains that information and more. Dynamics Inc. has created a prototype of a card that would secure the magnetic strip of the card whenever you weren’t using it, requiring you to enter in a passcode before you could activate the card.
They’ve debuted two products:
- Hidden: Ten of the 16 digits of your credit card number are printed on the card, with an additional six “hidden” on a display. After you enter in your special passcode, the remaining six digits are displayed. When the card is activated, the magnetic strip on the bag will populate with your data and it is erased when the unit is “off.”
- MultiAccount: Instead of carrying two cards, you only need one. You select the card you want by pressing the button and the magnetic strip on the back is populated with the pertinent data.