HUBUC announces the launch of payment cards underpinned by MOTION CODE, a dynamic CVV technology from IDEMIA for online shopping across Europe. The traditional static 3-digit CVV code printed on the back of the card will be replaced by a mini-screen that displays a dynamic and periodically refreshed code (CVV2) European card-not-present fraud reached ‘1.4bn in 2018 alone, according to the European Central Bank’s latest figures. IDEMia”s dynamic technology makes stolen data worthless to fraudsters, as the security code changes frequently.
Source: https://www.helpnetsecurity.com/2021/02/23/hubuc-idemia/