France test dynamic CVC code on bank cards

The financial conglomerate BNP Paribas, a global market leader in banking and financial services, is testing the new MOTION CODE technology from Obertur Technologies. The innovation is that the CVC code (the three digits on the back of the card, which are used to confirm the identity of the cardholder with online payment) replaces the dynamic security code.

A dynamic security code was created to effectively counter card fraud in cases where hackers steal payment data directly in the process of online payment. The dynamic code changes regularly, which prevents fraudsters from reusing card data.

For testing, BNP Paribas chose the OT MOTION CODE solution developed by Oberthur Technologies (one of the market leaders in digital Internet security solutions). On the back of the card is an electronic display showing a security code that changes periodically. The dynamic security code enhances the protection of online payments of BNP Paribas customers, while not changing the usual shopping process.

A representative of Obertur Technologies said that introducing MOTION CODE technology, a fully integrated solution is offered, starting with the production of the card itself and ending with the installation of authentication servers.

The dynamic code not only significantly increases the level of security of payment data when making online payments, but also does not require infrastructure changes, since the presented technology is compatible with the payment procedure on any commercial site. By the way, more than 90% of online payments in France are made using bank cards.

Russian banks can follow the example of their colleagues and launch a project with dynamic CVC. NovaCard , a manufacturer of plastic cards, supplies a similar product to the Russian market .