US financial institutions pilot dynamic CVV cards

Worldpay tests dynamic CVV cards in anticipation of broader availability — Digital Transactions — “Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed credit unions and a bank before broader availability, expected later this year. The hope is to make online shopping more secure… A dynamic CVV means a criminal may obtain the card number, but will be unable to verify the CVV because it will have changed.”


Most US banks expected to renew Apple Pay contracts

They may not like the terms, but issuers will likely re-up for Apple Pay — Digital Transactions — “The first big wave of Apple Pay contracts are expiring this month, and a big question for both Apple Inc and the financial institutions that committed to support the computing giant’s mobile payments app is whether to renew, and under what terms, in the face of less-than-spectacular results for mobile payments generally… Expert observers and financial institution executives argue most if not all of the early signees are likely to re-up or have already done so, despite financial terms many experts consider unusual if not onerous.”




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