This new code can be utilized for any subsequent online or card-not-present transaction, effectively reducing the risk of false declines and fraudulent card-not-present activities. The code changes every time the card is used at a physical POS terminal or ATM, and can also be refreshed on-demand via mobile phone. The EVC All-In-One, standard sized EMV micromodule equips payment cards with a 3-digit CVV display located on the rear of the module. This innovative solution is designed to elevate both the payment experience and enhance user protection, facilitated by ST’s ST31N600 chip.Įllipse chose the ST31N600 secure microcontroller as a key component in its battery-free EVC (Ellipse Verification Code) All-In-One™ dynamic CVV (Card Verification Value) micromodule. The first metal cards featuring EVC technology will be offered by CompoSecure (NASDAQ: CMPO). STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, is supplying energy-harvesting secure microcontrollers to Ellipse World Inc (Ellipse), the fintech innovator, to enhance security for card payments.
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