Improving EMV Card Value: Add Dynamic Crypto for Online Protection

by Tim Sloane 0

When deploying EMV perhaps you should consider adding technology that secures online payments while transparent to the user and e-retailor. Oberthur replaces the printed security code with a ‘mini-screen’ that periodically changes the CVV code displayed:

“Banque Populaire and Caisse d’Epargne, in association with Natixis Payment Solutions and Oberthur Technologies (OT), a world leader in digital security solutions, announce the pilot of the first payment card integrating Motion Code™, OT’s dynamic cryptogram solution. This world-first replaces the three-figure security code on the back of the card with a ‘mini-screen’ displaying a code that automatically changes periodically. This innovative technology also adds a new layer of security to online transactions, but with complete transparency for cardholders and retailers.
Banque Populaire and Caisse d’Epargne will pilot the Oberthur Technologies’ Motion Code™ solution this September with 1,000 customers.
For holders of this new generation payment card, the solution is completely transparent and involves no change to the normal purchasing process. The only visible difference is the three-figure cryptogram mini-screen on the back of the card. Because this technology allows the card security code to be regularly and automatically changed, the system prevents fraudsters stealing the code either visually or online.”

For e-retailers, the solution requires no change in their online payment acceptance system, either in the form of a new plug-in or a new payment button. The BPCE Group continues to pioneer in payment means (payment via Twitter, the launch of, etc.), and with this high added-value solution will soon be testing a complementary service in line with card usage of its customers. It also forms part of the Group’s ongoing commitment to online payment security.

The cost of e-ink display technology has dropped significantly, but of course understanding how much this technology adds to the cost of each card is critical. That said, as EMV rolls out fraud is expected to shift online and here is a technology that might protect the issuer from any such fraud shift.

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

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