“…the support of Visa’s dCVV2 authentication service means that card issuers don’t need to set up their own dedicated servers to manage the issuance of dynamic codes.”
It’s now even easier for interested card issuers to deploy IDEMIA‘s new Motion Code payment cards: The company has announced that the solution is now supported by Visa’s dCVV2 authentication service.
IDEMEA’s smart card solution was first unveiled in the autumn of last year. It is in most respects a normal payment card, with one standout feature – a dynamically changing security code. Unlike the static CVV2 code found on most of today’s payment cards, the Motion Code card’s CVV2 is displayed on a small screen, and it automatically changes to a new code very hour. Thus, if this aspect of a cardholder’s payment information is compromised, within an hour it’s useless to fraudsters.
Now, the support of Visa’s dCVV2 authentication service means that card issuers don’t need to set up their own dedicated servers to manage the issuance of dynamic codes. Instead, it’s all handled by Visa’s service, freeing up card issuers to just deal with the business of issuance.
The development comes after CMBC became the first bank in China to launch a dCVV2 credit card, and IDEMIA says its rollouts of the technology have proven Motion Code to be “a great customer acquisition product” thanks to consumers’ appreciation of the innovative technology, according to a statement from the company.