Oberthur Unveils Dynamic CVV/CVC to Secure Online Purchases
Oct. 14, 2014
French card manufacturer and digital security solutions provider Oberthur Technologies on Thursday launched a new card with display technology that periodically generates a new CVV code (the three- or four- digit number on a credit card that exists independently of the magstripe). The company’s dynamic Card Verification Value/Code (dCVV/dCVC), which provides an enhanced level of security for card-not-present transactions, is Oberthur’s first product that incorporates technology acquired when it bought display-card specialist NagraID Security in August.
The company claims the card is the first to be able to generate a dynamic version of the CVV/CVC in a display window. For merchants, no changes are necessary to their online shopping cart. For issuers (or their processors), a specific server synchronized with the algorithm and refreshing rules defined in the cards will be supplied by Oberthur.
“Our dCVV display card is an excellent and convenient shield cardholders can have to securely access e-commerce websites and fight online fraud” said Eric Duforest, managing director of the payment business unit at OT. “Our customers recognize that this dCVV/dCVC technology is extremely easy to use to rapidly and drastically reduce card-not-present fraud and provide their cardholders with a safe way to access online services.”