You like to buy your gadgets and electronics using your credit card, right? It’s convenient and quick. You don’t even think about it. But it’s not always safe. The chip in cards and the PIN have been a security and safety problem for some time now. How do they intend to cure these problems and make you safer?

If Innovative Card Technologies and eMue Technologies have their way, you will be using their new card system, which will be shown at the Cartes & Identification in Paris this November.

These new cards have 12 button keypads that work with the embedded processor and they even have a display. It will be armed with several authentication modes for use in online, phone, or ATM transactions. There will be no need to enter your PIN number into an unsecured device like a web browser, which will help defend against electronic banking fraud.(Banking fraud costs $4 billion annually.) An example of this would be that the user can enter their PIN into the keypad to receive a numeric passcode for one-time use.

Something tells me we will all have one very soon.

[Slashgear] VIA [Ubergizmo]