France’s Banque Populaire and Caisse d’Epargne (BPCE) are piloting a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically.
The cards will be offered to 1,000 customers of the banking group from September 2015. The bank says the technology, developed by Oberthur, will improve security for consumers purchasing online with no changes to the usual check-out procedure at the merchant side.
Nicolas Chatillon, head of development of payments, strategic marketing and studies at BPCE Group, said: “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.”