In an effort to prevent bank card fraud through card not present (CNP) transactions, M2 Systems has launched its SAFE Technology, a patented security technology for credit and debit cards.
The technology leverages the CVV code on the back of the card to create a one-time security code for online and phone transactions. Cardholders can request this Dynamic CVV code through the SAFE app for iPhone and Android devices.
The SAFE technology has a dual-fold purpose: Not only can it protect consumers from having their information compromised by retailers, it can also restrict a card for swipe and card present transactions.
Merchants can implement SAFE technology seamlessly and can scale it to any size of transaction volume. It’s available on a global basis.