Gemalto Announces World's First Wallet-size Optical Reader

Posted: Nov 5 2008, 9:00am CST | by , Updated: Aug 11 2010, 11:28am CDT, in News | Other Stuff

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Gemalto introduced the world's first optical reader for online banking that can fit into a wallet. The product is called the Ezio Optical Reader that fits into the wallet along with a banking card to provide security for online services. An optical sensor built into the reader captures data typically entered by a user to perform online transactions.

Capturing of the data eliminates typing and saves time for the user. The device is compliant with MasterCard CAP, Visa DAP, and German Sm@rt TAN. Users present the reader in front of the screen and the data needed for authentication and signature generation is instantly read.

I admit to not fully getting how this device works. They say data is automatically read by the card when placed in front of the screen, but the company doesn't offer much in the way of an explanation of how exactly that works.

Via Gemalto

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