STMicroelectronics protects and powers Ellipse’s leading battery-free dynamic card verification module

 


【Lansheng Technology News】On October 26, 2023, STMicroelectronics provided energy harvesting security microcontrollers to financial technology innovator Ellipse World to enhance the security of card payments. CompoSecure will launch the first metal card using EVC technology. This innovative payment solution will enhance the payment experience and enhance user protection functions. The behind-the-scenes support of STMicroelectronics’ ST31N600 chip is indispensable.


Ellipse selects the ST31N600 secure microcontroller as a key component of the battery-less EVC (Ellipse Verification Code) All-In-One™ dynamic CVV (Card Verification Code) micro-module. EVC All-In-One is a standard-sized EMV micro-module that allows card manufacturers to install a three-digit card verification code display on the back of the module on the card. Every time you pay with a card at a physical POS terminal or ATM device, the card verification code will change. You can also use your mobile phone to refresh the card verification code on demand. The new code can be used for subsequent online or card-less transactions, effectively reducing errors in rejected transactions and Risk of fraudulent card-not-present activity.


When used in conjunction with STPAYTP1x, EVC All-In-One adds a layer of security to EMV payment transactions. ST31N600 is responsible for collecting the electromagnetic energy radiated by the card reader and powering the entire circuit. The solution requires no batteries, simplifying the manufacturing process and saving costs.


Lansheng Technology Limited, which is a spot stock distributor of many well-known brands, we have price advantage of the first-hand spot channel, and have technical supports. 

Our main brands: STMicroelectronics, Toshiba, Microchip, Vishay, Marvell, ON Semiconductor, AOS, DIODES, Murata, Samsung, Hyundai/Hynix, Xilinx, Micron, Infinone, Texas Instruments, ADI, Maxim Integrated, NXP, etc

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