Security

Linxens aims to reinforce security of the payment card

24th November 2021
James Anstee

Linxens has announced the launch of its module with Ellipse's EVC All-in-One solution, which will allow the incorporation of the battery-free Dynamic Card Security Code technology by payment card manufacturers.

Linxens’ products and services enable card manufacturers to easily integrate the latest innovations such as the dynamic three-digit security code or biometrics.

Aware of the banking sector's desire to reinforce the security of online payments, Linxens has announced the launch of its modules with the EVC All-in-One battery-free Dynamic Card Security Code solution from Ellipse.

As a privileged partner of Ellipse, Linxens aims to enable all the payment card manufacturers in the world to benefit from this new state-of-the-art technology.

In addition, Linxens confirms that it is ready to support, in partnership with its card manufacturer customers, the deployment of this solution which will enable users to benefit from increased security for their online transactions and to combat "card not present" (CNP) fraud. According to the latest European Central Bank report published in October 2021, CNP fraud represented 80% of the total value of bank card fraud in 2019. Given the significant production capacities of Linxens' European and Asian manufacturing facilities, the solution will be able to be developed massively worldwide.

Linxens’ EVC All-in-Onemodule will be presented during the TrusTech exhibition which will be held in Paris, Porte de Versailles, from November 30th to December 2nd, 2021.

"Over the decades, Linxens has built strong relationships with the most important partners in its ecosystem to bring the most relevant innovations to the global market as quickly as possible. The partnership with Ellipse, which brings the battery-free Dynamic Card Security Code technology to the market is an excellent example.

This innovation, which is now available on Linxens modules, will reduce card-not-present fraud and provide both the global economy and end-users with enhanced security in their daily lives," expresses Cuong H. Duong, President and CEO of Linxens.

 

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