EMV INTEGRATED DYNAMIC CVV/CVC
The EMV Integrated
Dynamic Security Code Technology
EVC® is the first ever dynamic display integrated on the back of existing EMV chips.
EVC technology generates a dynamic security code during every contact and/or contactless EMV transaction. It uses power from the payment terminal to display each new code, making the card battery-free. The technology uses an electronic paper-display which allows the dynamic code to be displayed at all times and without a battery.
Replacing the static security code of a payment card with EVC dynamic security codes prevents the use of stolen card data.
Ellipse's battery-free technology ensures operation during the entire lifetime of the card and eliminates self-discharge, providing virtually unlimited shelf life, and is more eco-friendly.
Ellipse electronics are card manufacturer-agnostic. Card manufacturers can build EVC dynamic security code products in-house and locally with their existing equipment. This technology is fully compatible with a hot-lamination process.
EVC cards are fully compatible with existing POS terminals/ATMs and can be mailed in regular card packaging and envelope.
EVC codes are used exactly like standard static security codes, but are more secure
An extra layer of security at the card level
More protection for everyday transactions
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Online shopping
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Mail-Order/Telephone Order
CNP Payments
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Wallets (Apple Pay, Google Pay, Paypal, Uber, Venmo…)
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Recurring payments (utilities, phone bills…)
Card-on-file
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New address, new phone number, etc...
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High value purchases
Profile updates
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EVC technology provides a powerful, frictionless additional layer of security.
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Familiar checkout process helps reduce transaction abandonment.
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Simplifies authentication and authorization decision and process for the issuer.
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For issuers, costs associated with card replacement due to card data theft are eliminated.
Trusted data loop
More security, more genuine authorizations
EVC increases the certainty that a transaction is legitimate and reduces false declines.
The EVC code is the only dynamic data that is originated by the Issuer during Card-Not-Present (CNP) transactions.
This enables issuers to make more reliable and accurate authorization decisions.
Increased e-commerce
opportunity for debit cards
Increase the total number of CNP transactions with more secure debit cards
An unauthorized transaction with a debit card is the worst cardholder experience because the funds leave their bank account immediately.
EVC provides peace of mind to consumers and eliminates the fear that their card data will get compromised.
Fraudulent card data collection deterrent
EMV integration provides geo-localization of every EVC code generation
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Helps to pinpoint card data collection points (POCs) of unauthorized and unsuccessful (i.e declined) transactions
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Deterrent for large scale fraudulent collection networks
EVC combines security & elegance
Also available in METAL
Extending the
security enhancements
of EMV to eCommerce
New generation of "EVC Ready" EMV app with "Native" EVC calculation
“EVC Ready” EMV app generates a Dynamic Security code (DSC) during a contact and/or contactless EMV transaction by using data from this transaction.
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No additional personalization for chips with "EVC Ready" apps
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Off the shelf compatibility with standard EMV chips
An issuer solution
The EVC solution was designed to be deployed independently and cost effectively by issuers. No change is required on e-merchant checkout payment forms, and in acquirers and networks/schemes systems.
Verifying EVC Dynamic Security Codes is simple. All that is needed is an updated call to the existing EMV authorization platform. EVC effectively extends the security enhancements of EMV to eCommerce without forgoing current financial investment.
Easy to implement
Maximize return on existing EMV investments
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Leverages existing EMV backend services, protocols, and HSMs
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No supplemental card personalization (with EVC ready app)
Bring your card portfolio into the digital era
Cost reduction
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No card re-issuance
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Lower fraud management cost
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Reduced loss of opportunity
More secure
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Tokenizes the card security code
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Protects at the source
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Secures wallet enrollment
Easy implementation
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An issuer solution
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Compatible with existing HSMs (No additional hardware)
Sturdy
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Can be shipped via regular mail packaging and envelope
Revenue increase
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Increase conversion rate with accurate approve/declination decision
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Increase client approval rate
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Improve cardholder confidence
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Recruit new customers, increase market share
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Top of wallet (more CNP interchange revenue)
Easy deployment 100% adoption
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Easy to use, frictionless & transparent to cardholders
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Zero impact on e-merchants
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Works on any device & any channel, no plugins required
Battery-free
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Reliable lifetime performance
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More eco-friendly
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Card manufacturer-agnostic hot lamination process
Differentiation
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Most advanced and complete payment card