The constant growth of on-line/mobile features and applications, together with the development of e-commerce and web services is determining an increasing demand of secure methods for on-line Payments with credit/debit/pre-paid card, both mobile and “standard”.
If connected to web, in fact, users can pay easily on-line a wide range of goods and services: on-line payment is becoming the preferred method of payment for on-line shopping, but it is also a very interesting target for web frauds and thefts.
On-line payments need to be secured with a proper solution: IRETH offers a complete range of OTP One Time Password devices for user validation and/or Credit Cards with Dynamic Security Code.
A Strong Authentication process with OTP One Time Password allows the customer’s on-line/mobile account to be validated and ready for the purchase. OTP, in fact, is valid just for one time and it is suitable for any on-line payments: together with credit card data, the user must digit not a static and clonable password, but the dynamic code that cannot be used again.
Furthermore, instead of having an OTP device and the credit card, IRETH can offer to the customer only one device against on-line payment frauds: the innovative DCVV cards with Dynamic Security Code (CVV).
Innovative features: Dynamic CVV and Dynamic PAN
According to BCE statistics, 70% of total frauds on payments cards are due to CNP transactions, that’s to say Card Not Present Payments.
This can be overcome adopting new and better performing cards with Dynamic Security Code (CVV) for Secure On-Line Payments.
During the process of on-line/mobile payments some data are always required, included the Credit Card Number (16 digits number on the front of the credit/debit/pre-paid card) and the CVV code (on the back of the credit/debit/pre-paid card).
IRETH offers two innovative devices:
1. Displaycard with Dynamic CVV, a constantly-changing code made of 3 digits, valid for Card Validation Value.
Dynamic CVV on the back of the card: the code is displayed on a mini ink screen, powered by a lithium-ion battery, designed to last three years. The Dynamic CVV changes every 30/60 sec, so the data are valid just for a limited period of time.
The dynamic CVV renders the card useless to anyone who has got your credit card number, expiration date and the code on the back (static credit card numbers, subject to theft and frauds).
2. Displaycard with Dynamic PAN, a constantly changing code made of 8 digits, valid for the last digits of Credit Card Number
Dynamic PAN on the front of the card: the code is displayed on a ink screen, powered by a lithium-ion battery, designed to last three years.
The Dynamic PAN gives the last 8 digits of credit card number, changing every 30/60 seconds, so the data are valid for a limited period of time.
The Dynamic PAN transforms the card in a “Disposable Credit Card”, making it useless to anyone who has got the static data of your credit card.
IRETH Solutions for on-line Payment services:
Authentication Server IAP800
Hardware OTP Devices (Tokens, Displaycards, Matrix cards)
Software OTP Devices (OTP via SMS)
Mobile OTP Apps.
Additional Services
Branding – Hardware and Software devices can be customized
Fulfilment & Deployment– IRETH offers a range of fulfilment & deployment services, including packaging customization, fulfilment, mailing and distribution.