OT MOTION CODE™
Reinventing the code
Fraud is increasingly shifting to “card-not-present” (CNP) transactions carried out mainly online due to the rise of e-commerce around the world. It represents 65% of the total card fraud. Thus OT has developed a ready-to-go solution for banks and financial institutions including the card issuance and the server which secures online transactions by shortening the validity of the cryptogram security code: OT MOTION CODE™.
OT MOTION CODE™ IN MOTION
OT MOTION CODE™ provides an extra layer of security for Card-Not-Present (CNP) transactions and against payment card number theft. This technology replaces the static 3-digit security code usually printed on the back of a card, by a mini-screen that displays a code, which is automatically refreshed according to an algorithm, typically every hour. Thus, if the card data gets stolen, it becomes useless in the next hour.
This solution is providing the best customer journey for online shopping since cardholders do not have to change their habits: no need to press any button or install any special plug-in on their internet browser.
For issuers, a specific server synchronized with the algorithm and refreshing rules defined in the cards are needed and integrated within OT’s offer.
E-merchants don’t have to modify their website: the cryptogram code generated by the card is used as a standard one without the need for an extra button or pop-up window of any kind.
SIMPLE TO USE
OT MOTION CODE™ is just like a normal payment card: the technology hidden in the plastic protects cardholders without them noticing it. This card can be easily used to shop on any PC, tablet or mobile phone and is immediately compatible with every e-merchant site.
OT MOTION CODE™ enables out-of-band-authentication anywhere and anytime. The refresh cycle, typically every hour, renders card data copying useless: by the time anyone wants to use the stolen data online, it will have already expired.
EASY TO DEPLOY
Deploying a new payment or security solution is often a challenge for an issuer. OT MOTION CODE™ is a no-brainer. This end-to-end solution enables a seamless, non-detracting consumer experience, while increasing Card-Not-Present transaction security
They trust us
THE BANQUE POPULAIRE AND CAISSE D’ÉPARGNE NETWORKS WILL BE THE FIRST BANKS IN THE WORLD TO GIVE THEIR CUSTOMERS THE OPPORTUNITY TO EXPERIMENT WITH THIS NEW PAYMENT CARD TECHNOLOGY TO MAKE THEIR ONLINE PURCHASES EVEN MORE SECURE. THIS INITIATIVE IS AN INTEGRAL PART OF THE BPCE GROUP’S COMMITMENT TO PAYMENT SOLUTIONS AND ITS DETERMINATION TO STEP UP THE BATTLE AGAINST FRAUD.
Nicolas Chatillon, Head of Development – Payments, Strategic Marketing and Studies – Commercial Banking at BPCE Group
AS THE FIRST COMPANY TO HAVE INTRODUCED THIS KIND OF TECHNOLOGY, OT HAS PROVEN IT IS THE BEST PARTNER WITH A TURNKEY SOLUTION TO HELP US TO REDUCE ONLINE FRAUD AND PROVIDE MEXICAN CONSUMERS WITH A CONVENIENT, SECURE AND SEAMLESS ONLINE SHOPPING EXPERIENCE.
José Molina, Prosa General Manager