Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Idemia and FlexiGroup To Launch Australia’s First MOTION CODETM Credit Card

Posted by fidest press agency su sabato, 9 dicembre 2017

idemiaIDEMIA, the global leader in trusted identities for an increasingly digital world, today announces its partnership with FlexiGroup, Australia’s market leader in Point of Sale consumer and commercial finance to launch Australia’s first MOTION CODETM credit card.Developed by IDEMIA (formerly known as OT-Morpho), the MOTION CODETM credit card1 is a high-tech 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 CODETM 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.As online shopping becomes increasingly popular, the cases of online fraud have escalated with online fraud in Australia rampant at $417m last year and growing 15% per year, according to the Australian Payments Network.FlexiGroup will be the first company to launch MOTION CODETM credit cards in Australia in the first half of 2018.“The security of our customers’ payment details is tremendously important to us and the levels of security are constantly evolving with the increasing use of online payments. The addition of this dynamic security feature means FlexiGroup will be able to offer customers advanced safeguarding when making online purchases. We continually strive to deliver innovative and tailored financial solutions for our customers and we are excited to partner with IDEMIA to be the first to bring MOTION CODETM technology to Australians”, said Symon Brewis-Weston, CEO of FlexiGroup. (photo: Idemia)

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