The new Citibank LED with credit card number realize payment and remote lock card

Citibank recently announced that a new credit card Card 2 (2G). The card was pioneered by Dynamics, with LED display, built-in buttons, and can be embedded in the current market credit card size of the plastic film encryption technology. Citibank wants 2G technology, which is characterized by higher security, and the ability to associate multiple accounts on the same card - will have a revolutionary impact on the credit card industry.

Citibank executives said the company has developed an exclusive technology that allows Citi to convert the bonus points of the transaction into dollars at the time of the transaction. The use of points to pay the price of the product has been used in the online payment for several years, but has not yet been popular in the field of bank cards. Citigroup hopes to use the 2G technology to give cardholders the ability to pay at the cashier's points.

In addition, in the credit card fraud protection technology, it will also enable fraud protection technology using Card 2 technology will eventually be able to credit and debit card issuers can be made one account, so that the remote lock override cards, magnetic stripe card and turn it into a useless plastic. 2G technology is expected to greatly reduce the loss caused by the card theft, reducing the loss of fraud required by citigroup.

Citibank plans to test new cards in November 2010, with the goal of issuing the card in the middle of the year of 2011.