• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

Jumio next-generation of digital ID verification.
  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

HUBUC Deploys IDEMIA’s Motion Code Tech in New European Payment Card

February 23, 2021

IDEMIA’s Motion Code technology will be featured in a new payment card from HUBUC to help facilitate secure online transactions. HUBUC is a provider of embedded financial services, and will be making its card available to customers in the European market.

HUBUC Deploys IDEMIA's Motion Code Tech in New European Payment Card

Motion Code, meanwhile, is a dynamic CVV solution that replaces the traditional three-digit CVV found on most cards with a temporary code that changes every time it gets refreshed. The Motion Code CVV is displayed on a screen on the back of the card, where the customer would normally expect to find their CVV. However, a Motion Code card is less vulnerable to cybercriminals, since the CVV would likely no longer be valid even if a fraudster manages to gain access to someone’s payment information through a data breach.

The two parties are hoping that the new offering will reduce the threat of card-not-present fraud, which will in turn make consumers feel more comfortable (and more willing to spend) when shopping online. Card-not-present fraud carried a price tag of €1.4 billion in Europe in 2018 alone, at least according to the European Central Bank.

“We are always looking to bring the latest technology to our products to enhance our client offering and the customer experience,” said HUBUC Co-Founder Ignacio Javierre. “Offering solutions that protect people from fraud and partnering with IDEMIA will help us do this at scale. This will help clients generate additional revenue streams and increase customer loyalty.”

“We’re excited to team up with HUBUC to make MOTION CODE cards and validation services available to more online businesses worldwide,” added IDEMIA Financial Institutions EVP Amanda Gourbault.

IDEMIA’s Motion Code technology has previously been featured in Mastercard and Deutsche Bank’s Tarjeta Calma card in Spain, and in RHB Banking Group’s Rewards Motion Code Credit Card in Malaysia. Motion Code is also one of the technologies available to card issues through IDEMIA’s Global Fintech Accelerator Card Program.

Filed Under: Industry NewsTagged With: dynamic CVV, Europe, financial services, HUBUC, IDEMIA, IDEMIA Motion Code, Motion Code, payment card technology, payment cards, payments security

Related News & Articles

Nuance Gives Radiologists Free Trials Through AI Marketplace

Thales Explains How IoT Tech Strengthens Integrity of Vaccine Supply Chains

Crossmatch Has Been Acquired by HID Global

Primary Sidebar

FacePhi Selphi

Read the Latest Year in Review Analysis:

IDEMIA big box

Tweets

FacePhi Selphi

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/
Aware ABIS webinar

Recent Posts

  • Ivanti Uncovers Risky Password Behavior Amongst Remote Workers
  • FPC Makes Case for Biometric Payment Cards in the Banking Industry
  • Singaporean Bank Enables SME Account Opening With Selfie Authentication
  • VerifyMe to Provide 2 Million Labels to Protect PPE Equipment
  • HID Global Adds Two New Cards to Seos Portfolio
FacePhi Selphi

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 MobileIDWorld