Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Visa Tests Credit Card With Random Number Generator

Built-in second factor of authentication could slow online card fraud

Visa is testing a new credit card that can generate a random-number passcode to help ensure it won't be used by unauthorized individuals.

In trials starting this week at four banks -- Bank of America UK, Corner Bank in Switzerland, Cal in Israel, and IW Bank in Italy -- Visa and EMUE Technologies are testing a Visa PIN card, an alternative to the "CCV" code currently printed on the back of most cards to help ensure that the individual is actually in possession of the card. The technology was first introduced in June.

An alphanumeric display and keypad is built directly into the card. When making a transaction online, customers type their PIN into the card, which creates a one-time security code. That code can be entered into a Website or given to a phone operator to help reduce "card-not-present" (CNP) fraud, the companies said. The card features a battery that lasts three years.

A number of banks have expressed interest in the card since its introduction this past summer, according to Visa. "The interest in this solution in the industry has been overwhelming," said Sandra Alzetta, head of innovation and new products at Visa Europe. "We look forward to working with the banks involved in the pilots to gain greater insights into how effective this solution can be in the longer term."

Visa has experimented with other CCV replacement schemes, including Verified by Visa, an ill-fated process that was found to be flawed -- hackers were sometimes able to reset the password by stealing the card's details and the user's birth date.

Security experts pointed out that the new card is still vulnerable to man-in-the-middle attacks, in which the attacker sets up a false site and fools the user into giving away a valid PIN. But officials at EMUE say that the cards could be loaded with digital signature technology, which would make attacks much more difficult.

The trials will go for six to 12 months, raising the possibility that the technology might be more widely available late next year.

Have a comment on this story? Please click "Discuss" below. If you'd like to contact Dark Reading's editors directly, send us a message Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
User Rank: Apprentice
10/30/2017 | 12:00:16 PM
Random generators not secure for  visa credit card.
97% of Americans Can't Ace a Basic Security Test
Steve Zurier, Contributing Writer,  5/20/2019
How a Manufacturing Firm Recovered from a Devastating Ransomware Attack
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/20/2019
TeamViewer Admits Breach from 2016
Dark Reading Staff 5/20/2019
Register for Dark Reading Newsletters
White Papers
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Could you pass the hash, I really have to use the bathroom!
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2019-05-21
An issue was discovered in WSO2 API Manager 2.6.0. It is possible for a logged-in user to upload, as API documentation, any type of file by changing the extension to an allowed one.
PUBLISHED: 2019-05-21
OpenText Brava! Enterprise and Brava! Server 7.5 through 16.4 configure excessive permissions by default on Windows. During installation, a displaylistcache file share is created on the Windows server with full read and write permissions for the Everyone group at both the NTFS and Share levels. The ...
PUBLISHED: 2019-05-21
Enigmail before 2.0.11 allows PGP signature spoofing: for an inline PGP message, an attacker can cause the product to display a "correctly signed" message indication, but display different unauthenticated text.
PUBLISHED: 2019-05-21
An issue was discovered in Zoho ManageEngine ServiceDesk Plus 9.3. There is XSS via the SearchN.do search field.
PUBLISHED: 2019-05-21
XSS was discovered in CentOS-WebPanel.com (aka CWP) CentOS Web Panel through via the testacc/fileManager2.php fm_current_dir or filename parameter.