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IDEMIA, FlexiGroup to launch high-tech payment card in Australia

Friday 8 December 2017 11:10 CET | News

IDEMIA, an identity and security provider, has announced its partnership with FlexiGroup, a financial services group, to launch Australia’s first MOTION CODE credit card.

Developed by IDEMIA, the MOTION CODE credit card is a payment card with a dynamic security code (CVV2) that automatically changes hourly. Instead of a static security code printed on the back of a bank card, the MOTION CODE CVV2 is displayed on an e-paper “mini-screen”. The security code automatically refreshes to a random security code every hour. This solution has no impact on the cardholder journey for safer online transactions; if compromised, this dynamic data becomes rapidly unusable.

FlexiGroup is also partnering with Mastercard to bring this new MOTION CODE card to market. The company will announce further details on a new product offering featuring MOTION CODE technology closer to launch in 2018.


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Keywords: IDEMIA, FlexiGroup, Australia, payment card, motion code, security
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime