Melbourne, Nov 12 : An Australian technology firm has come up with a unique battery power super card, which they believe can fight online fraud.
The company reckons that it can stop up to 1 billion dollars a year in credit card fraud with its new revolutionary invention.
The card, which includes an alpha-numeric display, built-in microprocessor, a keypad and three years of battery power, will display a one-time number with which to authenticate each online credit card transaction, whenever the user will enter the pin number.
The technology was developed over two and a half years by a small Deloitte-backed technology firm based in Adelaide and Melbourne called EMUE Technologies.