OT-Morpho lanceert samen met CMBC de eerste betaalkaart met MOTION CODE(TM) Dynamic CVV2 in China
PARIJS–(BUSINESS WIRE)– OT-Morpho, de wereldleider in digitale security en identificatietechnologie, heeft vandaag bekendgemaakt dat de nieuwe VISA creditcard van de Chinese bank CMBC de eerste in China is met MOTION CODETM. De technologie is speciaal door OT-Morpho ontwikkeld om een betere en veiligere omgeving te creëren voor transacties via internet. Daarmee neemt het gevaar van fraude significant af.
Traditionele betaalkaarten zijn voorzien van een statisch cryptogramsysteem (CVV2) om online-betalingen te verrichten. De code staat op de achterkant van de kaart, vlakbij de ruimte die gereserveerd is voor de handtekening van de kaarthouder. Deze code kan, net als het nummer van de creditcard (PAN), kan worden gestolen en gebruikt worden voor het doen van frauduleuze betalingen via internet.
OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODE(TM) Dynamic CVV2 in China
PARIS–(BUSINESS WIRE)– OT-Morpho, a world leader in digital security and identification technologies, today announced that Chinese bank CMBC’s new Visa Signature credit card is the first one in China to feature MOTION CODETM, a technology developed by OT-Morpho to provide a higher security for internet transactions, considerably reducing the risk of online fraud.
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(Photo: Oberthur Technologies)
Traditional payment cards feature a static cryptogram (CVV2) used to pay online, printed on the back of the card next to the signature panel. This data, as well as the card number (PAN) and expiry date, may be stolen and used to pay online fraudulently.
With MOTION CODETM, the CVV2 becomes dynamic: the 3 digits appear permanently on a mini screen embedded within the card, but they change automatically every hour, without the need for the cardholder to press any button. That way, any stolen data becomes rapidly unusable online by a fraudster.
This genuine technological prowess was made possible by OT-Morpho’s expertise in “powered cards”, which are high-tech payment cards that contain additional electronic components, mini screens, LEDs or even fingerprint sensors, and that are powered by super thin batteries, yet keeping the same 0.8mm thickness and flexibility as a normal payment card.
E-commerce has become a daily habit for millions of Chinese people who are shopping both locally and internationally. CMBC together with OT-Morpho is targeting the cross-boarder e-commerce transactions providing this unique Visa Signature credit card to its cardholders addressing their specific needs:
- Protection against online fraud with MOTION CODETM cards provided by OT-Morpho
- Specific discounts for international travelers (hotels & airlines)
- Additional Insurance on goods purchased online internationally
“CMBC is the first bank in China and in Asia to launch MOTION CODETM and, furthermore, is doing so via WeChat to benefit from the power of this social network in China to provide an easy way for CMBC customers to order their MOTION CODETM card in one click. OT-Morpho, as CMBC’s preferred partner for its payment card operations since 2010, is very proud to launch this first credit card with dynamic cryptogram to guarantee top-level security for online payments” declared Mark Garvie, Asia Pacific Managing Director of the Financial Services Institutions at OT.
OT-Morpho is a world leader in digital security & identification technologies with the ambition to empower citizens and consumers alike to interact, pay, connect, commute and travel in ways that are now possible in a connected world.
As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in security and identity technologies and offer customized solutions to a wide range of international clients from key industries, including Financial services, Telecom, Identity, Security and IoT.
For further information:
www.morpho.com and www.oberthur.com
Follow @Morpho and @OT_TheMcompany on Twitter.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170921005495/en/
Contacts
OT-Morpho
Press
Julien Tahmissian, T + 33 (0)1
58 47 90 54
julien.tahmissian@havas.com
or
Niels
Gaubert, T + 33 (0)6 13 39 33 36
niels.gaubert@havas.com