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As a leading e-commerce bank in France, Societe Generale’s priority is to strengthen the security of online payments while making its customers’ everyday lives easier.
Following successful testing among more than 500 people, Societe Generale is one of the first global banks to offer its retail customers in France these next-generation cards featuring a dynamic security code.
This innovative solution, OT Motion Code, developed by Oberthur Technologies, consists in replacing the three-digit security code usually printed on the back of the card with a mini-screen displaying a new “dynamic” code, which is refreshed automatically and randomly every hour. Thus, if the card data gets stolen, the three-digit security code becomes useless within an hour, preventing fraudsters from re-using the information on e-commerce sites. Designed to help fight cyber crime, this solution is also very simple as it changes nothing on the online purchasing process.
Responding to the constant growth of online purchases, this next-generation card broadens Societe Generale’s range of payment solutions, already the most comprehensive one in the market, both for e-merchant clients (3D Secure, One-Click, Paylib) and retail customers (Pass securité, e-carte Bleue).