Ellipse Joins ICMA to Further Facilitate EVC® Migration
Updated: Nov 10, 2022
LOS ANGELES, USA, September 6, 2022—Ellipse today announced that it has joined the International Card Manufacturers Association (ICMA). Ellipse is dedicated to transforming the card industry with innovations including its patented EVC® All-In-One, the first battery-free EMV® micromodule with integrated Dynamic Card Security Code functionality. EVC effectively protects against CNP fraud and false declines thus transforming a basic payment card into a full-fledged eCommerce security product. This single component, 8-pin EMV drop-in replacement module is equipped for dual interface payment. Ellipse’s membership in the ICMA is a step towards making the payment card safer in an increasingly eCommerce-based world.
“Our company is proud to be a member of the ICMA, the premier global association for card manufacturers and personalizers,” said Cyril Lalo, CEO of Ellipse. “The industry needs innovative solutions that can easily be integrated into existing systems and contribute to more reliable, safer, and secure card payment environments. Ellipse is committed to provide these solutions.”
“ICMA is pleased to welcome Ellipse to our ranks,” added Jeffrey Barnhart, founder and executive director, ICMA. “We recognize the demand for new developments in the face of modern challenges and are able to offer Ellipse support in shaping the future of card manufacturing through our reach and resources.”
In joining ICMA, Ellipse will benefit from education and training opportunities to stay on top of trends and network with industry leaders. Ellipse’s active participation will allow other ICMA members to have easier access to cutting-edge card technologies. Through ICMA channels, communication between card manufacturers make the mass production of dual interface, Dynamic CVV-equipped payment cards possible using existing equipment.
With more than 200 members in 43 countries, ICMA has been the voice of the card manufacturing industry for more than 30 years. The nonprofit association of card manufacturers, personalizers, suppliers and other industry-related companies is a premier resource for the card industry—from training to issues surrounding card production, technology, application, security and environmental issues. About Ellipse Ellipse is a Los Angeles based FinTech company shaping the future of payment security. Ellipse invented EVC® All-In-One, the first EMV micromodule with an integrated screen to display a Dynamic Security Code for eCommerce protection that works by harnessing the existing EMV rails. EVC is a breakthrough solution to combat Card-Not-Present fraud and to reduce False Declines. Easy to deploy, use, and adopt, EVC All-In-One patented battery-free display technology enables all card manufacturers to produce EVC products with their existing process and equipment. Ellipse is comprised of leading payment technology experts dedicated to helping stakeholders generate new value from technologies that address challenges of the digital payment ecosystem.
About ICMA For more than 30 years, ICMA has been a nonprofit association of card manufacturers, personalizers, suppliers and related industry participants. With more than 200 members globally, ICMA acts as a resource for industry issues, including the production, technology, application, security and environmental issues of cards. More information is available at icma.com.
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