Visa Europe extends CodeSure family with
Matrix Display card
CodeSure Matrix
Display card to support local language and user interface
preferences
London, 21 September 2011 - Visa
Europe, Europe’s leading payment system, today launched the
CodeSure Matrix Display card, the latest addition to its CodeSure
card range.
Built on the multi-channel authentication
system offered by CodeSure, the Matrix Display card adds a fully
customisable dot matrix display that supports local languages and
non-Roman character sets. The card also has a smartphone-like ‘soft
touch’ keypad and a highly visible power button that, combined with
the new matrix display, helps banks customise the product to local
language and usability preferences.
Designed to add security for consumers in
Card Not Present (CNP) purchasing environments, the CodeSure range
also incorporates contactless payments technology within a card
that is the same size as traditional debit and credit cards.
The ‘soft-touch’ interface provides a more
intuitive user-experience when pressing the keypad and offers banks
great opportunities to issue CodeSure as a mass-market consumer
proposition. As part of the CodeSure authentication system,
cardholders are able to use services like Verified by Visa (VbV)
without having to register or remember a static VbV password. The
system can also be used for services like eBanking, telephone
banking, transactions signing and access to third party
services.
Riten Gohil, Business Lead for CodeSure at
Visa Europe, said: “The CodeSure solution adds extra security for
consumers in today’s thriving online environment. As the latest
addition to the family of cards, CodeSure Matrix Display proves our
focus on using innovative technologies to help our member banks
meet the needs of their customers, such as displaying prompts in
local languages such as Greek, Turkish and German.”
The Visa CodeSure Matrix Display card was
jointly developed by Visa Europe and its technology partners, Emue
Technologies and NagraID Security. It uses Emue’s Mutual
Authentication technology, which securely identifies the consumer
and bank to each other during a transaction, alongside the
manufacturing expertise, display and user interface technologies
developed by NagraID Security.
Brendan McKeegan, CEO, Emue Technologies
said: “Having supported the development of the security system that
underpins CodeSure, we’re pleased to see the addition of the Matrix
Display card from NagraID Security to offer a fully customisable
card and a touch keypad for a smarter user experience.”
Cyril Lalo, CEO, NagraID Security said:
“Working closely with Visa and Emue, Nagra ID Security’s Innovation
team lead by Philippe Guillaud has once again pushed the technology
limits of the display card to develop a best in class product with
CodeSure Matrix Display that the market will value for its balance
of security and convenience in a standard Visa payment card.”
Visa Europe will introduce the CodeSure
Matrix Display card through a variety of projects ranging from
medium-sized trials to large commercial projects over the coming
months.
About CodeSure:
- The Visa CodeSure platform provides multi-channel
authentication technology in a single convenient Visa card for
consumers. Authentication is completed using CodeSure in three
simple steps:
- When shopping online or logging in to an online banking
service, the cardholder activates the authentication process by
pressing the “Verified by Visa” option button on the card’s
keypad
- When prompted the consumer inputs their PIN into the keypad
embedded in the card
- A unique one-time-passcode appears on the card’s display, which
is then used by the cardholder to authenticate a normal Verified by
Visa transaction
- If using Mutual Authentication, a unique challenge code is
provided by the bank to the consumer which confirms that they are
talking to the genuine bank and in turn can enter their PIN into
their card and provide a secure one-time code back so the bank can
verify them.
About NagraID Security
NagraID
Security SA, a subsidiary of the Kudelski Group, produces
multi-component and other complex cards for the security and
identification industry. NagraID Security’s Research and
Development Team combine international experts having broad
experience in security, cryptography, electronics, material
sciences and manufacturing. NagraID Security provides advanced
design, development, and industrialization capabilities for
innovative authentication solutions.
NagraID Security holds international
patents for a non-violent lamination process used for embedding
sensitive, electronic components into card and other form-factors.
NagraID Security operates under the strict security guidelines of
NagraID SA, an EMV-certified card manufacturing and personalization
facility. Please visit cts.businesswire.com for
more information.
About The Kudelski Group
The Kudelski
Group (SIX: KUD.S) is a world leader in digital security and
convergent media solutions for the delivery of digital and
interactive content. Its technologies are used in a wide range of
services and applications requiring access control and rights
management to secure the revenue of content owners and service
providers for digital television and interactive applications
across broadcast, broadband and mobile delivery networks. The
Kudelski Group is also a world technology leader in the area of
access control and management of people or vehicles to sites and
events. It additionally offers professional recorders and high-end
Hi-Fi products. The Kudelski Group is headquartered in
Cheseaux-sur-Lausanne, Switzerland. Please visit cts.businesswire.com
for more information.
About Emue
Technologies
Emue Technologies Pty Ltd. is a leader in
innovative multi-channel payment card and phone based
authentication solutions for the Financial Services and Network
Access markets. The company specialises in reducing fraud
associated with remote transaction services, such as banking and
ecommerce, through a combination of innovative authentication and
convenient consumer access to technology.
Emue has pioneered the concept of 'mutual
authentication' for secure access to remote services. The Emue
solution is based on the realisation that existing authentication
products and systems do not provide an independent mechanism for
customers to manage and control their identity. This patented
'mutual authentication' solution gives both the service provider
(eg. bank) and the customer an opportunity to identify each other
before sharing information or commencing a transaction.
Unlike other one-way authentication
technologies, such as One Time Passcode (OTP) tokens, Emue's
solution is truly multi-channel with a single device being able to
be used across multiple remote services (telephone, web, internet
shopping, corporate VPN systems). This makes it more attractive for
issuers who want to prevent fraud and offer a convenient,
integrated approach to customer authentication using a single
platform.
Emue is headquartered in Melbourne,
Australia and brings products to market through key strategic
partnerships with industry leading companies such as Visa
Europe.
About Visa Europe
In Europe, there are 430 million Visa debit,
credit and commercial cards. In the 12 months ending March 2011
those cards were used to make purchases and cash withdrawals to the
value of €1.6 trillion. 12.5% of consumer spending at point of sale
in Europe is with a Visa card, and more than 70% of that is on Visa
debit cards.
Visa Europe is owned and operated by more
than 4,000 European member banks and was incorporated in July 2004.
In October 2007, Visa Europe became independent of the new global
Visa Inc., with an exclusive, irrevocable and perpetual licence in
Europe. As a dedicated European payment system it is able to
respond quickly to the specific market needs of European banks and
their customers - cardholders and retailers - and to meet the
European Commission’s objective to create a true internal market
for payments.
Visa enjoys unsurpassed acceptance around
the world. In addition, Visa/PLUS is one of the world’s largest
global ATM networks, offering cash access in local currency in over
200 countries.
For more information, visit http://www.visaeurope.com/