Dubai: Network International and Oberthur Technologies (OT) together will offer to banks in the Middle East and Africa (MEA) region the OT Motion Code solution, a dynamic cryptogram payment card to secure online transactions.

The solution provides an extra layer of security for Card-Not-Present (CNP) transactions (e-commerce transactions via telephone or internet, for instance). The technology replaces the static three-digit security code usually printed on the back of a card, by a mini-screen that displays a code, which is automatically refreshed according to an algorithm, typically every hour.

For the cardholder, the solution is fully transparent: it requires no plug-in to instal on their web browser, no button to press, while the code appears at the same location on the card, the key benefit being the code’s dynamic generation and periodical refresh. The refresh timing is defined by the card issuer, for instance every hour.

For issuers, a specific server synchronised with the algorithm and refreshing rules defined in the cards is needed and supported by OT’s offer.

“As the first company to market this kind of technology in the world, OT in collaboration with Network International will offer banks with a turnkey solution to help them mitigate online fraud and also to provide their consumers with a reliable, secure and seamless online shopping experience in the Middle East and Africa region,” said Bhairav Trivedi, chief executive officer of Network International.