Deutsche Bank in Spain has announced to introduce a credit card with a dynamic CVC code in order to make the shopping experience of people a lot more safer. With the rising number of online transactions, it has been seen that there is a steep rise in online frauds. Keeping in mind the rising number of online cyber crimes related to money, the German bank has taken this step for the welfare of Spanish people.
After collaborating with Mastercard and Idemia, the German bank has decided to introduce the ‘Motion Code’ card with the brand name Tarjeta Calma. This credit card will undergo a change in CVC code every four hours and it will help every person in Spain to experience a high level of security while carrying out online transactions.
With the help of Idemia’s Motion Code Technology, it will become possible to provide better security to people while making online payments by preventing data theft and cloning. The dynamic cryptogram present in the motion cards will change randomly due to Motion Code Technology. Deutsche Bank is not the only bank that has introduced this trend but there are many other European banks that have introduced dynamic CVC technology earlier.
Some of the banks include SocGen, BNP Paribas, and BPCE. Luis Miegimolle, Deutsche Bank Card Manager said that customers will be provided with the latest security technology in order to provide them a secure payment environment. Apart from this, through a trusted cvv2 shop, businesses are also making purchase of CVV numbers for a more secure transaction every time they use their card.
People have also been consulting the online credit card services to get bill payment solutions and carding solutions. All this has been in the trend due to the rising online frauds across the world.