BPCE Group and Oberthur Technologies launch a world-exclusive innovation: the first dynamic cryptogram payment card
Banque Populaire and Caisse d’Epargne, in association with Natixis Payment Solutions and Oberthur Technologies (OT), a world leader in digital security solutions, announce the pilot of the first payment card integrating Motion CodeTM, OT’s dynamic cryptogram solution. This world-first replaces the three-figure security code on the back of the card with a 'mini-screen' displaying a code that automatically changes periodically. This innovative technology also adds a new layer of security to online transactions, but with complete transparency for cardholders and retailers.
Banque Populaire and Caisse d’Epargne will pilot the Oberthur Technologies’ Motion CodeTM solution this September with 1,000 customers.
For holders of this new generation payment card, the solution is completely transparent and involves no change to the normal purchasing process. The only visible difference is the three-figure cryptogram mini-screen on the back of the card. Because this technology allows the card security code to be regularly and automatically changed, the system prevents fraudsters stealing the code either visually or online.
For e-retailers, the solution requires no change in their online payment acceptance system, either in the form of a new plug-in or a new payment button. BPCE Group continues to pioneer in payment means (payment via Twitter, the launch of V.me, etc.), and with this high added-value solution will soon be testing a complementary service in line with card usage of its customers. It also forms part of the Group's ongoing commitment to online payment security.
Cesar Lengellé, Credit Products & Payment Means Manager at Banque Populaire: "Banque Populaire has a constant commitment to offering its business and personal customers the best in face-to-face and digital services. This innovation from Oberthur Technologies will therefore extend the payment solutions already offered by Banque Populaire by introducing a new level of security and simplicity to the customer experience, without requiring any change to e-retailers online payment systems."
Romy Lecoq-Champeau, Deputy Director, Personal Banking at Caisse d’Epargne: "By deciding to go with the Motion CodeTM solution from Oberthur Technologies, Caisse d’Epargne is offering its customers the first dynamic cryptogram payment card. This innovation delivers an additional layer of security to everyday card usage. Caisse d’Epargne has a strong commitment to developing France's preferred method of payment, and regularly introduces new affinity options with cards designed specifically for women or sports fans, for example, as well as added-value services through its Premier, Platinum and Infinite VISA cards."
Nicolas Chatillon, Head of Development – Payments, Strategic Marketing and Studies – Commercial Banking at BPCE Group: "The Banque Populaire and Caisse d'Épargne networks will be the first banks in the world to give their customers the opportunity to experiment with this new payment card technology to make their online purchases even more secure. This initiative is an integral part of the BPCE Group’s commitment to payment solutions and its determination to step up the battle against fraud."
Catherine Fournier, Managing Director of Natixis Payment Solutions: "Our involvement in this pilot scheme is a practical illustration of the Natixis Payment Solutions commitment to proactively improving the security of payment solutions. Experimenting with solutions that integrate fraud prevention systems tailored to today's new payment patterns, and making those solutions available to consumers and retailers, is integral to our vocation."
Eric Duforest, Managing Director of OT’s Payment Business Unit: "OT is delighted to be the strategic partner of BPCE and Natixis Payment Solutions and to work alongside them in making online transactions more secure. Motion CodeTM is a revolutionary innovation that ensures maximum security of payments made over the Internet in the form of a solution that can be rolled out rapidly and can deliver an excellent customer experience. OT is ready to deploy this offer for universal adoption by all users in all markets."
About Banque Populaire
The Banque Populaire network is comprised of 16 regional Banque Populaire banks, Crédit Coopératif and CASDEN Banque Populaire. These independent financial institutions provide a comprehensive range of commercial banking and insurance services, building on the close relationships forged with their different categories of clientele. Banque Populaire, which boasts 9.1 million customers (3.9 million of whom are also cooperative shareholders), 3,300 bank branches and 16 e-BanquePopulaire online branches, is a member of the 2nd largest banking group in France: Groupe BPCE.
About Caisse d’Epargne
The 17 Caisses d'Épargne are cooperative banks serving their individual regions. With 25.5 million customers, they assist all customer profiles: personal, professional, business, social economy stakeholder, institutions and local authorities. They provide first-class service across the full range of banking needs, from savings to loans, payment systems, asset management, mortgages and insurance. The Caisses d'Épargne banks are members of Groupe BPCE, France's second-largest banking group.
About Natixis Payment Solutions
Natixis Payment Solutions is a Natixis subsidiary and a leading provider of payment-related services in France and the wider Europe. Natixis Payment Solutions provide Groupe BPCE and its customers with innovative, secure, multichannel payment solutions with particular emphasis on e-payments. In 2014, Natixis Payment Solutions processed around 7 billion high-volume transactions, managed more than 20 million payment cards, processed some 3.6 billion card transactions, and served a customer base that included 21,000 e-retailers.
About Groupe BPCE
Groupe BPCE, the 2nd-largest banking group in France, includes two independent and complementary commercial banking networks: the network of 18 Banque Populaire banks and the network of 17 Caisses d’Epargne. It also works through Crédit Foncier in the area of real estate financing. It is a major player in Wholesale Banking, asset management and financial services with Natixis. Groupe BPCE serves more than 36 million customers and enjoys a strong presence in France with 8,000 branches, 108,000 employees and more than 8.9 million cooperative shareholders.
About Oberthur Technologies
OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including close to 700 R&D people. With more than 50 sales offices across 5 continents and 1 manufacturing hub by region, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com/MotionCode