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.

  • EVC technology provides a powerful, frictionless additional layer of security, and simplifies the authentication decision process for the issuer.

  • For issuers, costs associated with card replacement due to card data theft are eliminated.

  • By providing merchants and issuers with dynamic data during an e-commerce transaction, EVC increases the certainty that a transaction is legitimate, and false positive declines are eliminated.

  • EVC provides peace of mind to consumers, eliminating the fear that their card data gets compromised as it continuously changes.

Ellipse battery-free technology ensures operation during the entire lifetime of the card and eliminates self-discharge, providing virtually unlimited shelf life.

Card manufacturers can build EVC dynamic security code products in-house and locally with their existing equipment. This technology is fully compatible with hot-lamination process.

SmartCards integrating technologies are fully compatible with existing POS terminals and ATMs.

A new card security code with every  
EMV transaction

No modification of the EMV infrastructure is necessary to generate the dynamic security code. 

More secure, every day 

One code valid at a time

EVC eliminates multiple codes validity window. With EVC, only a single dynamic security code is valid at any point in time, which further increases CNP transaction security.

Card-on-file payments

EVC is compatible with card-on-file payments. EVC codes are used exactly like standard static security codes, but more secure.

Fraudulent card data collection deterrent

EMV integration enables geo-localization of every EVC code generation

  • Helps pinpoint card data collection points (POCs) of unauthorized and unsuccessful (i.e declined) transactions

  • Deterrent for large scale fraudulent collection networks

An issuer-only 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 technology provides an additional layer of security without forgoing current financial investment.

Simultaneously addresses the needs of 

issuers, merchants, and end-users 

Cost reduction

  • No card re-issuance

  • Lower fraud management cost

  • Reduced loss of opportunity

More secure

  • Tokenizes the card security code

  • Protects at the source

  • Secures wallet enrollment 

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

Battery-free

  • Reliable lifetime performance

  • More eco-friendly

  • Card manufacturer-agnostic hot lamination process

Easy implementation

  • Issuer-only solution

  • Compatible with existing HSMs (No additional hardware)

Revenue increase

  • 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)

Differentiation

  • Most advanced and complete payment card

 

© Copyright 2020 ellipse, Inc. All rights reserved. 

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