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-   -   Next Generation Credit Card (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/next-generation-credit-card-103946/)

JourneyOfLife 02-05-2014 09:55 AM

Next Generation Credit Card
 
No, not the Chip n PIN card technology that we are woefully behind on... the next next generation technology.

Visa CodeSure gets the green light

The one being used in Europe and Adopted By VISA... solve the problem for online fraud (card not present fraud, social engineering, etc)

The new technology was apparently approve for use in Europe in 2010.

Using our slow adoption of EMV cards in the US as a guideline (to be ready by october 2015)... EMV seems to have been adopted in 2002 in Europe... we only have another decade to wait for the new CodeSure technology! Probably ready in the year 2024.

Here is how it works:

[ame=http://www.youtube.com/watch?v=JGkdCP3px24]Visa Card with one-time code (Scenario 1) - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=dT6JSU123Lo]Visa Card with one-time code (Scenario 2) - YouTube[/ame]

Carla B 02-05-2014 04:50 PM

In the first video you posted, when the lady asks, "How do I get one?" I'd say "fat chance" if you live in the U.S.


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