Gemalto aims to replace 3-digit code on the back of credit cards

Gemalto aims to replace 3-digit code on the back of credit cards

13 OCT 2015

French firm Gemalto announced a new security solution which could replace the 3-digit number on the back of credit cards with a code on cards or mobile phone screens that changes every 20 minutes.

The firm said the new solution, which is called Dynamic Code Verification, is designed to counter so-called card-not-present fraud in online transactions.

The solution includes an EMV payment display card used for traditional in-store and e-commerce payments as well as ATM withdrawals. It also includes a mobile version, a validation server and associated services.

The firm claims the mobile version is “unique” to Gemalto, so enabling banks to put a mobile-based approach at the forefront of their strategies.

The solution enables banks, and other card issuers, to replace a static 3 digit cryptogram used at present for online purchases with a time-based dynamic CW/CVC code displayed on the customer’s payment card or on their mobile screen. By changing regularly, it would improve security for online transactions.


Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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