PITTSBURGH—PNC Bank is testing credit cards with constantly changing card verification values (or CVVs) to reduce online credit card fraud.
The dynamic CVV is displayed on the back of a card in e-ink and changes according to an algorithm supplied by Visa, Ars Technica reported
As CUToday.info has previously reported, dynamic CVV technology is aimed at online theft, as chip cards are slowing crooks down at the point of sale.
Once a fraudster has stolen a credit card number, they often can use the static number to make online purchases without being thwarted by chip complications, noted Ars Technica.
As CUToday.info has also reported, while dynamic CVV technology has been available for some time, it has widely been considered too expensive to adopt.