News

RHB Bank launches 3 digit security codes to fight card fraud

Tuesday 23 July 2019 09:55 CET | News

RHB has unveiled its fraud prevention tech for their card users, which generates dynamic card verification value security code on an e-paper mini-screen at the back of the card.

This new solution, named RHB Rewards Motion Code, has been made in partnership with Visa and IDEMIA, and the 3 digit code at the back of the card will automatically refresh regularly, replacing the static 3 digit code at the back of a typical credit or debit card.

RHB said that this tech is designed to prevent credit card fraud and hackers from accessing important data and disrupting transactions. Through the collaboration with Visa and IDEMIA, RHB has leveraged on best-in-class security features to safeguard their customers’ financial resources, as the card provides a complete end-to-end solution for RHB as an issuer.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: RHB Bank, launch, 3 digit security, card fraud, CVV, fraud prevention, dynamic card verification, security code, partnership, Visa, IDEMIA, credit card, debit card
Categories:
Countries: World