Extending EMV® Protection to E-Commerce EMV card technology has been greatly successful in reducing Card-Present fraud. This success, along with a boom in e-commerce, has pushed fraud to the Card-Not-Present (CNP) space. Traditional solutions combat CNP fraud but increase false decline rates.
EVC® (Ellipse Verification Code) extends EMV protection to online transactions, simultaneously protecting against CNP fraud and eliminating false declines. A New Level of Security for Online Payments EVC is integrated into payment cards with the EVC All-In-OneTM module: a new generation of EMV micromodule that provides built-in e-commerce protection at the card level by replacing a card’s static security code (CVV2/CVC2) with a dynamic code.
This dynamic code is displayed on a small screen on the EVC All-In-One module, which is embedded into the card. The dynamic security code changes with every Card-Present, contact or contactless EMV transaction, at a POS, ATM, or Mobile App.