ST supplies secure MCUs to CompoSecure' EVC Ready metal payment cards
Advance payment card maker CompoSecure has selected for its EVC Ready metal payment card. fintech innovator Ellipse technology uses ST’s energy-harvesting secure microcontroller.
STMicroelectronics is collaborating with Ellipse World to provide energy-harvesting secure microcontrollers, aimed at bolstering security measures for card payments. CompoSecure will be introducing the initial metal cards incorporating the EVC technology. This solution powered by ST's ST31N600 chip, not only aims to elevate the overall payment experience but also enhances user protection. Ellipse has incorporated the ST31N600 secure microcontroller into its battery-free EVC (Ellipse Verification Code) All-In-One dynamic CVV micromodule. This standard-sized EMV micromodule features a 3-digit CVV display on the back of the payment card, which changes every time the card is used at a physical POS terminal or ATM. Additionally, the code can be refreshed on-demand via mobile phone and can be used for any subsequent online or card-not-present transaction. This innovative solution effectively mitigates the risk of false declines and fraudulent card-not-present activities. By utilizing the STPAYTP1x, the EVC All-In-One ensures that EMV payment transactions are secure. The ST31N600 is responsible for collect...
STMicroelectronics is collaborating with Ellipse World to provide energy-harvesting secure microcontrollers, aimed at bolstering security measures for card payments. CompoSecure will be introducing the initial metal cards incorporating the EVC technology. This solution powered by ST's ST31N600 chip, not only aims to elevate the overall payment experience but also enhances user protection. Ellipse has incorporated the ST31N600 secure microcontroller into its battery-free EVC (Ellipse Verification Code) All-In-One dynamic CVV micromodule. This standard-sized EMV micromodule features a 3-digit CVV display on the back of the payment card, which changes every time the card is used at a physical POS terminal or ATM. Additionally, the code can be refreshed on-demand via mobile phone and can be used for any subsequent online or card-not-present transaction. This innovative solution effectively mitigates the risk of false declines and fraudulent card-not-present activities. By utilizing the STPAYTP1x, the EVC All-In-One ensures that EMV payment transactions are secure. The ST31N600 is responsible for collect...
You've read this far — sign in to keep reading