Ellipse introduces EVC All-In-One for e-commerce

By Edlyn Cardoza

Ellipse is recently announced the launch of EVC All-In-One, the first EMV module that transforms a basic payment card into an e-commerce EMV security product. The patented EVC All-In-One module features a built-in screen that displays a refreshed security code (also known as CVV/CVC) during every contact or contactless EMV transaction. This innovative functionality renders stolen card information unusable for fraudulent online payments.

• Revolutionary drop-in replacement module enabling easy migration
• Contact and contactless EVC security code refresh
• EMV chip agnostic
• Protection against card-not-present fraud
• Reliable authorizations to reduce false declines
• Increases/Maximizes payment card life
• Battery-free and eco-friendly

The EVC All-In-One is a single component, 8-pin EMV drop-in replacement module embedded in payment cards, with a 3-digit display on its back. This solution enables all card manufacturers to easily mass produce e-commerce-ready cards using their existing equipment and is compatible with most common card construction types (PVC, Metal, recycled plastic, etc.). This is the first module that allows card issuers to offer payment cards with protection in contact, contactless and e-commerce environments, while maximizing card life and reducing card replacements.

In announcing the EVC All-In-One launch, Ellipse CEO Cyril Lalo stated, “As e-commerce has become an established, integral part of our lives, the payment industry needs payment cards that support both traditional and digital lifestyles. We are proud to have developed and brought to market this revolutionary product that will reduce e-commerce fraud and is easily integrated into the existing card manufacturing, personalization and payment processing ecosystems.”

The EVC All-In-One represents the first breakthrough technology in payment cards since EMV. It has been designed specifically for e-commerce protection by extending Card-Present EMV security protocols to online transactions. Moreover, since it utilizes existing EMV rails, Issuer processors can easily, within two weeks and with minimal investment, integrate EVC Dynamic Security Code verification in their existing HSMs with no additional server/software. This revolutionary approach to ending Card-Not-Present fraud is particularly suited for Processors as they can offer this new value-added service to their clients with a significantly high return on investment for both processor and issuer.

The EVC All-In-One module has been designed to be compatible with standard antenna for Dual-Interface cards. It is available through their partners Linxens for direct-connect antenna and SPS-IN Groupe for inductive coupling interface. The EVC All-In-One will be demonstrated on Linxens(E045), SPS (D035), and STMicroelectronics(F005) booths during Trustech, Paris Expo from Nov. 30 to Dec. 2, 2021.