New York – New Technology That Changes The Way We bank Online, Passwords On Bank Card.

New York – A leading provider of digital-security services to make disposable passwords easier for consumers to accept by squeezing the technology into the corner of a regular credit or ATM card.

Fran Rosch, vice president for authentication services at VeriSign Inc., said the one-time passwords haven’t taken off in the United States partly because consumers need to carry a small device that generates passwords on the fly. That barrier is removed, he said, by having the technology built into cards consumers already carry.

With the card, consumers logging on to an online bank account, for instance, would type in their regular username and password, along with a six-digit code that appears on the card’s display window. That code constantly changes, meaning the customer needs to have possession of the card to access the account.

By requiring a second code that is tied to a device or a card in the user’s possession, an online account remains protected even if the regular password is compromised. If a customer loses the device or card, someone would still need to know the username and password to log on. [AP]