Idemia developed a new credit card that has changing CVV codes, that can help reduce online credit card fraud. To enable the dynamic code, the credit cards use a small E Ink display that shows a new code every refresh cycle in an efficient process (a one-hour refresh rate has a four-year lifetime).
US-based PNC Bank is now running a pilot project to test the new cards, which will run for 90 days. Upon the successful end of the trial, Idemia hopes to start offering the new credit cards to customers in early 2019. It is estimated that a "Motion-Code" credit card with the E Ink display will cost about $15 (compared to $2-4 for a regular chip-based card).
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Posted: Dec 30,2018 by Ron Mertens