Colleagues, EuroPay, MasterCard and Visa (aka “EMV”) along with their customers continue to reap the security benefits of the dynamic cryptogram embedded in their credit cards. The EMV Coonection reports “The creation of dynamic cryptograms for every transaction with online authentication is an important feature of chip cards that provide enhanced levels of security.” The obvious two-fold impact appears undeniable. For customers, fewer fraudulent incidents bolster confidence in using their cards and thus the more likely they are to use them over other payment methods. For the service providers, few customer complaints and service calls help boost their credibility in an ever-changing payments landscape while contributing to lower OPEX. On a related note Idemia has enhanced the security of Card-Not-Present (CNP) transactions via its Motion Code. Users will find that the 3-digit security code on the back of their card has been replaced by a mini-screen displaying a code that refreshes every hour. Share a comment and subscribe today! Lawrence, Cyber Security Defender (https://cybersecuritydefender.blogspot.com)

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