Next generation credit cards

LAKE MARY, Fla. (WOFL FOX 35) - Your cell phone has morphed into a smart phone. Your iPod into an iPad. And now, your credit card into a multimedia money machine. The next generation of plastic is designed to be secure and bring sexy back.

First it was cardboard, then mag stripe, then chips, and now mini computers have been tucked into the next generation of credit cards.

The Maestro from MasterCard, for example, just launched in Turkey this summer, and it contains an LCD screen in the top right corner.It can be set to display a one-time pass code for each transaction.

"You'd still put in your 16-digit account number and the security code in the back of the card, but this single use passcode would be an extra layer of security to prove it's in the right hands," says CreditCards.com spokesman, Ben Woolsey.

But the LCD can show lots of things besides pass codes.

"You can really display any piece of information that is attached to the account. Like what your last transaction was, how much you have left in your credit line, what your current balance is, your due date, all kinds of fairly useful consumer information," says Woolsey.