Dynamic PINs and CVVs

16 January 2018

Published in Which?

The Da Vinci Choice card has dynamic CVV, expiry dates and PINs that change at the push of a button.

The technology allows you to link up to eight Visa, Mastercard or American Express cards onto a single card.

You select the account you want to use and enter your real PIN onto the card itself – rather than at an ATM that may have been tampered with, or at a card terminal surrounded by prying eyes. This generates a one-time-use PIN or CVV you can then use at the checkout or at an ATM.

On top of the traditional chip and magnetic strip, the card has a screen, keyboard, processor and battery built-in.

The innovation has the potential to wipe out card-not-present fraud as key details needed for payment (like the PIN and CVV) constantly change, and the PIN that creates them is never directly entered onto devices which can be hacked.

You can see the Da Vinci Choice card in action in our video below.

The Da Vinci Choice card is in the final stages of testing and will be available in the next couple of months for a one-off fee of £75 or £7.50 a month.

However, founder Simon Hewitt, a former chief security officer of Westpac Banking Corporation, one of Australia’s biggest banking groups, says the technology could easily be adopted by banks to for mainstream credit and debit cards of the future.

To read the original article click here