Worldpay, IDEMIA start pilot of MOTION CODE payment card

Wednesday 13 June 2018 10:38 CET | News

Worldpay and IDEMIA have spearheaded the first pilot of the MOTION CODE debit card, a dynamic payment card that aids in the fight against card-not-present (CNP) fraud.

The MOTION CODE payment card replaces the static CVV code printed on the back of cards today with an e-paper mini-screen, which displays a dynamic security code that automatically changes at regular intervals. Because a MOTION CODE debit card constantly changes its security code, stolen data is rendered useless to bad actors within hours, if not minutes.

Worldpay is the first payment processor in the US to incorporate this technology into their payment-processing platform. Ten different international locations have deployed cards featuring MOTION CODE totaling more than 600,000 cards issued with more than 4,000,000 authorized transactions.

IDEMIA is a provider of biometrics (fingerprint, facial and iris authentication), digital identity, and payment solutions with expertise in identity and provides public and private markets with the digital trust suite (identity-verification technologies, risk-based authentication, omnichannel online contracts, digital payments, etc.).

WorldPay is a financial technology company, specialising in payment processing around the globe. For more information about this company, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Worldpay, IDEMIA, MOTION CODE, payment card, CNP fraud, fintech, security
Countries: World