American Banknote Corporation (ABCorp) has partnered with fintech company Ellipse for a new payment card with dynamic security code.

The newly launched battery-free, dual interface card integrates Ellipse Verification Code (EVC) technology to avoid card-not-present (CnP) transaction fraud.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

EVC technology replaces the security code printed on the card with a dynamic security code, which will be displayed on a small screen. The dynamic security code changes during each transaction.

EVC is set to complement the EMV technology that is meant to decrease card-present (CP) fraud.

In addition to CnP payments fraud, the new card is expected to cut card reissuance and fraud management costs. The card can be used with all current point-of-sale (POS) terminals and ATMs.

The battery-free design allows the use of the card throughout its lifetime. It also simplifies storage, handling and end-of-life product management.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A statement from ABCorp read: “Issuers can implement ABCorp’s EVC card dynamic code verification by either using their existing EMV authorisation platform and HSM, or by utilising the EVC PCI-DSS compliant, cloud-based verification service via simple API calls.

“This flexibility provides issuers the choice to implement the verification service based on their specific needs and requirements.”

The EVC technology is said to offer easy deployment for issuers and transparency for merchants.

Besides, ellipse CORE battery-free display technology enables the manufacture of display cards with existing hot-lamination process and equipment.

The display also shows prepaid card balance and transit value details.