When we think of a credit card, we picture the Card Number, Cardholder Name, Expiration Date, and CVV2 information printed on it.
But what if we told you there's a card with no numbers on it at all?
It might sound strange at first, but British fintech Curve, which brings together all of a person's bank and credit cards into a single card, has unveiled its new numberless card, designed to offer greater security and convenience in card usage. The card will be issued under the Mastercard scheme.
The new card, initially made available to investors, has no numbers at all in its design. This is meant to give it a sleeker look.
So how will customers enter their card details when making a transaction?
When users want to use this card for a transaction, they will be able to copy the card's details from the Curve app and use them, making online transactions much easier.
The fact that the information on the new card is not stored on the card itself, but is instead protected in the Curve app with a PIN or biometric verification, can be seen as a major security advance. Sharing her thoughts on the matter, Curve COO Nathalie Oestmann said, “Our new card is drawing attention not only for its security and ease of use, but also for its clean, uncluttered, and minimalist design.”
With the numberless card, the risk of unauthorized transactions on your account if the card is stolen or lost, as well as the risk of card details being copied, will be reduced. Because transactions are carried out through the digital app, it will also have a driving effect on digitalization.
