OBERTHUR-TECHNOLOGIES
12.1.2016 17:34:50 CET | Business Wire | Press release
Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions and PROSA, a leading provider of payment processing services in Mexico & Latin America, today announced their partnership to provide Mexican banks with OT MOTION CODE™, a disruptive technology that helps to dramatically reduce online fraud. The 3-digit static code printed on the payment card is replaced by a dynamic code which is automatically refreshed.
According to the Mexican Consumer Protection Agency (CONDUSEF), payment card fraud represented US$480 million in 2014 in Mexico. Today, over 242 million CNP (Card Not Present) transactions per year are processed by PROSA. In order to help banks increase trust in online transactions and reduce the fraudulent use of payment cards, which represents an estimated 60% of the total amount of fraud, PROSA has chosen the OT MOTION CODE™ solution.
With this innovative offer, the static printed code (CVV) is replaced by a mini-screen that displays an automatically refreshed code generated by an algorithm loaded in the chip embedded in the card body (dynamic CVV). The refresh timing will be defined by Mexican financial institutions. As a result, if stolen, the card information, including the dynamic code, immediately loses any value for fraudsters who usually resell stolen card data on “dark websites” to people who buy them to perform fraudulent online purchases. OT and PROSA are ready to provide the OT MOTION CODETM solution, which complies with Visa and MasterCard regulations, to 100% of Mexican Financial and non Financial Institutions. A first deployment with an issuer will be announced early 2016.
For users, this is fully transparent: there is no app to download and the code appears at the same location on the card. They can use their payment card integrating OT MOTION CODE™ to purchase online using a computer, a smartphone or a tablet.
This partnership between OT and PROSA will be fully transparent for banks as OT’s specific server synchronized with the algorithm will be implemented on PROSA’s premises, as well for merchants who do not have to modify their payment page on their website. “We are delighted to have been selected by PROSA to provide OT MOTION CODE™, our disruptive technology which makes the security code on a payment card dynamic. PROSA has a major reach in Mexico and we are delighted to offer this solution to millions of potential consumers. Online fraud is growing quickly all over the world and thanks to our revolutionary innovation, we provide support to Financial and non Financial institutions and merchants in securing transactions” said Eric Duforest, Managing Director of the Financial Service Institutions Business at OT.
“E-Commerce is booming in Mexico and we have to offer security and ease of use to end-users” said José Molina, Prosa General Manager. “As the first company to have introduced this kind of technology, OT has proved it is the best partner with a turnkey solution to help us to reduce online fraud and provide Mexican consumers with a convenient, secure and seamless online shopping experience”.
For more information, visit www.oberthur.com/motioncode/
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.
OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.
OT employs over 6 300 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com
About PROSA
Prosa since 1968 is one of the largest Switch of payment transaction in
Latin America, actually processing over 3,300 billion
of
transactions yearly, our clients are 160
financial and non
financial institutions in Mexico and 13 in 7 different countries in
central and south America.
Recognized in industry as world class
organization and winner of several prizes in quality areas by national
and international organizations, Prosa offers the market´s broadest
portfolio, competitive prices and certified
quality, supported by strong partnerships, Flexibility and Adaptability
to attend any size and technological level customers.
Download
The
M World
,
All you need to know about the latest
trends of the Mobility world, available on AppStore and Google Play
View source version on businesswire.com: http://www.businesswire.com/news/home/20160112006216/en/
Contact:
MEDIA CONTACTS
Elan-Edelman
Hadrien
Le Roux / Elise Cognacq, Tél. : +33 1 86 21 50 83 / +33 1 86 21 50 67
hadrien.leroux@elanedelman.com
/ elise.cognacq@elanedelman.com
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Rubedo’s RLS-1496 Reduces Actinic Keratosis Pre-Cancerous Skin Lesions by 46% at Four Weeks with Minimal Irritation in Preliminary Results of Phase 1b/2a Study28.5.2026 14:30:00 CEST | Press release
RLS-1496 is an investigational, first-in-class, disease-modifying, selective glutathione peroxidase 4 (GPX4) modulator that targets pathologic senescent and other stressed, aging cells that drive chronic, age-dependent diseases, such as AK, and represents a novel drug category — Adaptive SenoTherapeutics In recognition of May as Skin Cancer Awareness Month, Rubedo is calling attention to the myths and facts surrounding AKs — and to the urgent need for a new generation of treatments that are effective without the side-effect burden of today's options Rubedo Life Sciences, Inc. (Rubedo), an AI-driven, clinical-stage biotech focused on selective cellular rejuvenation medicines targeting aging cells, today announced preliminary results from a Phase 1b/2a study of RLS-1496 in patients with actinic keratosis (AK), a common age-related condition resulting in precancerous skin lesions, that is most commonly seen after age 65.1 The open-label multi-center trial, conducted in the United States,
ExaGrid Wins 5 Industry Awards at Network Computing Awards 202628.5.2026 14:00:00 CEST | Press release
ExaGrid named “Company of the Year” for seventh year in a row ExaGrid®, the world’s largest independent backup storage vendor providing Tiered Backup Storage with the most Comprehensive Security and AI-Powered Retention Time-Lock for Ransomware Recovery, today announced that company was honored with five industry awards, including Air-gapped Ransomware Recovery Product of the Year, Bench Tested Product of the Year, Company of the Year, Data Protection Product of the Year, and the Storage Product of the Year during the Network Computing Awards ceremony, held in London on May 21, 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528849813/en/ The ExaGrid team headed to the stage five times throughout the Network Computing Awards ceremony in London to accept awards for ExaGrid Tiered Backup Storage. Photo courtesy of Network Computing Awards. The Network Computing Awards are determined by public vote. The 2026 awards mark
Ardoq Launches AI-First Enterprise Architecture Platform28.5.2026 14:00:00 CEST | Press release
Custom Agents, Omnipresent AI Assistant, and AI Import Builder Automate an Estimated 40% of Routine EA Work; Tenneco Already Achieving 292% ROI on Ardoq AI Ardoq, named a 5x Leader in the Gartner® Magic Quadrant™ for Enterprise Architecture Tools, today launched its AI-first enterprise architecture (EA) platform. The release grounds every Ardoq AI output in customers' live architecture data and introduces a new generation of AI agents capable of automating an estimated 40% of routine EA work. Architects today are being asked to defend decisions that generic AI is generating in seconds. Application rationalization choices. ERP transformation roadmaps. AI governance reviews. The questions land on the architect's desk, but the analysis underneath increasingly comes from AI assistants that do not know the architecture. Generic agents reason on whatever document is in front of them, not on the live relationships between applications, dependencies, capabilities, and risks. Ask a generic LLM
European DataWarehouse Launches DealDox®, a Next-Generation Virtual Data Room Built specifically for the Securitisation Market28.5.2026 14:00:00 CEST | Press release
European DataWarehouse (EDW) announced today the launch of DealDox®, a secure virtual data room uniquely tailored to the needs of the securitisation and structured finance market. Developed in response to long‑standing challenges around transaction data and document management, DealDox provides a single, secure environment where all parties throughout the deal lifecycle can collaborate efficiently while maintaining high standards of security, governance, and regulatory alignment. DealDox enables the centralised management of transaction data and documentation, offering robust security, granular access controls, and clear audit trails. The platform integrates seamlessly with EDW’s existing regulatory reporting ecosystem, supporting smoother workflows from deal preparation through to disclosure and compliance. “As a market infrastructure, our role is to reduce complexity and make processes simpler and more transparent for all participants,” said Dr. Christian Thun, CEO of European DataWa
SLB and Vår Energi Expand Digital Collaboration to Scale Well and Integrated Field Development Planning28.5.2026 13:47:00 CEST | Press release
Agreement supports Vår Energi’s ambition to reduce time to first oil, building on multi-discipline, collaborative well planning workflows that reduce cycle times from months to days Global energy technology company SLB (NYSE: SLB) today announced an expanded collaboration with Vår Energi to scale well planning and integrated field development planning across its Norwegian Continental Shelf operations. With collaborative well planning already reducing cycle times from months to days and integrated field development planning expected to support similar benefits, the expanded deployment is designed to support faster, more consistent decision-making as operators work to sustain production from mature offshore assets while managing increasing development complexity. As part of the expanded collaboration, Vår Energi is deploying the Delfi™ digital platform to connect exploration, subsurface evaluation, well planning, subsea design, field development planning, and production in a cloud-native
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom