HUBUC and IDEMIA launch MOTION CODE payment cards

By Megha Bhattacharya

European embedded financial services provider HUBUC today announced the launch of payment cards powered by IDEMIA’s CVV technology – MOTION CODE. The new development will enable HUBUC to offer clients secure payment cards based on IDEMIA’s MOTION CODE technology. The traditional static 3-digit CVV code printed on the back of the card will be replaced by a mini-screen that displays a dynamic and periodically refreshed code (CVV2).

IDEMIA’s Executive VP Financial Institutions Amanda Gourbault said, “We’re excited to team up with HUBUC to make MOTION CODE™ cards and validation services available to more online businesses worldwide. At IDEMIA, we constantly push the boundaries of innovation while ushering in a better payment experience with2 no compromise on security. Our alliance means more clients and end-customers will benefit from our MOTION CODE technology.”

HUBUC is a financial services provider that connects clients to its ‘plug and play’ marketplace, where they can access a range of financial services that allow them to receive money, hold money and make payments, including bank accounts, cards and open banking capabilities.

HUBUC co-founder Ignacio Javierre said, “We are always looking to bring the latest technology to our products and services to enhance our client offering and the customer experience. But equally important is ensuring we are offering safe, secure solutions that protect people from fraud and partnering with IDEMIA will help us do this at scale. IDEMIA is a leading innovator in the banking sector, and by combining our efforts, we can offer our clients an even better range of services. This in turn will help clients generate additional revenue streams and increase customer loyalty.”

Recently, FinTech Sokin announced that it will be issuing recycled plastic payment cards, in collaboration with IDEMIA, across 200 countries. Augmented identity provider, IDEMIA’s GREENPAY will enable Sokin to reduce plastic waste and carbon emissions.