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Pilot Project Demos Credit Cards With Shifting CVV Codes to Stop Fraud

posted by n1 on Saturday December 29 2018, @01:55PM   Printer-friendly
from the ccv-(what's-this?) dept.

upstart writes:

Submitted via IRC for SoyCow1984

Pilot project demos credit cards with shifting CVV codes to stop fraud

US-based PNC Bank is in the middle of a pilot project that aims to test out credit cards with constantly changing card verification values (or CVVs) to reduce online credit card fraud. The dynamic CVV is displayed on the back of such a card in e-ink, and changes according to an algorithm supplied by Visa.

[...] A static CVV number can provide some protection from online fraud, but sometimes CVVs can be stolen in tandem with the card number. Worse, researchers have shown that Web bots making random guesses on legitimate websites can often come up with the appropriate CVV and expiration date to pair with a card number.

A dynamic CVV should—at least in theory—be far more difficult to guess and use. The idea of a dynamic CVV isn't new: the cards are being supplied by a company called Idemia, which announced its "Motion Code" dynamic CVV cards in 2016. Since then, Visa has detailed a specification for the dynamic CVV pairing, called dCVV2, and Visa is also a partner in getting this pilot project off the ground.

Original Submission

 
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  • (Score: 2) by maxwell demon on Saturday December 29 2018, @11:31PM (1 child)

    by maxwell demon (1608) on Saturday December 29 2018, @11:31PM (#779847) Journal

    So does that mean there's one more battery you have to remember to recharge regularly?

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  • (Score: 3, Interesting) by sgleysti on Sunday December 30 2018, @06:12AM

    by sgleysti (56) Subscriber Badge on Sunday December 30 2018, @06:12AM (#779912)

    From the article:

    vThe e-ink display is also limited by a small lithium battery, so a 60-minute CVV refresh rate offers the card a four-year lifespan, and higher refresh rates will make that lifespan shorter.

    It must be a lithium primary battery (not ltihium ion). Still not sure I want one of those in a bendable plastic card that people are prone to sit on.