Completing the EMV evolution
The EMV integrated
dynamic security code technology
EVC is a technology that generates a Dynamic Security Code (DSC) during a contact and/or contactless EMV transaction by using dynamic data from this transaction, that displays the DSC on a small screen of a battery-free payment card powered by the payment terminal driving the transaction, and that enables the DSC to be validated by an EMV system during a subsequent card-not-present transaction.
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
Wallets (Apple Pay, Google Pay, Paypal, Uber, Venmo…)
Recurring payments (utilities, phone bills…)
New address, new phone number, etc...
High value purchases
EVC technology provides a powerful, frictionless additional layer of security.
Familiar checkout process helps reduce transaction abandonment.
Simplifies authentication and authorization decision and process for the issuer.
For issuers, costs associated with card replacement due to card data theft are eliminated.
Trusted data loop
More security, more genuine authorizations
EVC creates a unique trusted verification loop that increases the certainty that a transaction is legitimate and reduces false declines.
In the stream of information received by Issuers during Card Not Present(CNP) transactions, the EVC value is the only dynamic data that is originated by the Issuer.
The solution enables Issuers to make more reliable and accurate authorization decisions.
Increased eCommerce opportunity for debit card portfolio
Increase total CNP transaction volumes with more secure DEBIT cards for online use
An unauthorized transaction with a debit card is the worst cardholder experience. The funds leave their bank account immediately, which heavily impacts the account holder.
EVC provides peace of mind to consumers and eliminates the fear that their card data gets compromised.
Fraudulent card data collection deterrent
EMV integration provides geo-localization
of every EVC code generation
Helps to pinpoint card data collection points (POCs) of unauthorized and unsuccessful (i.e declined) transactions
Deterrent for large scale fraudulent collection networks
EVC combines security & elegance
Also available in METAL
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.
No additional personalization for chips with "EVC Ready" apps
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
Leverages existing EMV backend services, protocols, and HSMs
No supplemental card personalization (with EVC ready app)
Bring your card portfolio into the digital era
No card re-issuance
Lower fraud management cost
Reduced loss of opportunity
Tokenizes the card security code
Protects at the source
Secures wallet enrollment
An issuer solution
Compatible with existing HSMs (No additional hardware)
Can be shipped via regular mail packaging and envelope
Increase conversion rate with accurate approve/declination decision
Increase client approval rate
Improve cardholder confidence
Recruit new customers, increase market share
Top of wallet (more CNP interchange revenue)
Easy deployment 100% adoption
Easy to use, frictionless & transparent to cardholders
Zero impact on e-merchants
Works on any device & any channel, no plugins required
Reliable lifetime performance
Card manufacturer-agnostic hot lamination process
Most advanced and complete payment card