Switzerland-based payment solutions provider, BPC, has announced an expanded partnership with fintech company Ellipse World Inc. The collaboration aims to strengthen security measures and privacy for customers by integrating Ellipse’s EVC® (Ellipse Verification Code) technology into BPC’s SmartVista platform. EVC provides dynamic card security codes, effectively combating Card-Not-Present fraud and enhancing transaction security. By leveraging the innovative EVC All-In-One micro module, traditional payment cards are transformed into secure devices with a changing security code displayed on a digital screen for each transaction. This advancement significantly reduces fraudulent transactions and false declines, ensuring a secure and convenient environment for customers worldwide.
Pradnya Gugale, Senior Analyst at Quadrant Knowledge Solutions, stated that “The partnership between BPC and Ellipse will provide users with an added layer of security during online transactions. With the EVC micro module, users can rely on a constantly changing security code, making it difficult for malicious actors to steal sensitive card information. Overall, the integration of Ellipse EVC technology into BPC’s SmartVista platform brings significant benefits to users, including robust fraud prevention, reduced false declines, and increased trust in online transactions. “
Author : Pradnya Gugale Senior Analyst at Quadrant Knowledge Solutions