Gemalto fighting “Card not present” Fraud

To combat the rise of CNP fraud, which affects e-commerce, Gemalto has launched a Gemalto Dynamic Code Verification (Dynamic Code Verification), a solution that guarantees secure transactions using a Security code in constant evolution, visible on the back of the card or on smartphone. Every 20 minutes, the three-digit code changes. To make a purchase, the user simply needs to enter the security code visible on his card or on his smartphone at this time. A secure cryptogram that changes every 20 minutes brings customers a simple and secure experience.

The solution is already very effective in the fight against CNP fraud. However, the wonders of the DCV do not end there. A DCV card or mobile application can do much more than simply secure ecommerce transactions. The generation of random numbers may have potential utility. See www.gemalto.com/dcv

 

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