COLOMBES, France - Wednesday, September 7th 2016 [ME NewsWire]
(BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, and Toppan (Toppan Printing), one of Japan’s leading printing companies, announced during the FIT exhibition in Tokyo, their partnership to provide Japanese cardholders with OT MOTION CODETM, a dynamic cryptogram payment card, and with COSMO OTP, a payment card that generates One-time passwords (OTP).
The OT MOTION CODETM solution provides an extra layer of security for e-commerce. The technology replaces the static printed 3-digit security code printed on the back of the card, by a mini screen that displays a random code that changes automatically, typically every hour. In addition to cards, the solution includes a specific server synchronized with the algorithm and refreshing rules defined in the cards. For cardholders, the solution is fully transparent and secure: no plug-in to install on their web browser, no button to press, the code appears at the same location on the card as before. And if stolen, the code rapidly becomes useless for fraudsters. Issuers can thus provide a simple yet very secure tool to pay online safely.
The partnership between OT and Toppan will also include COSMO OTP technology. This high-tech card features a 6-digit e-paper display and a button used to generate an OTP to secure online banking. This functionality usually provided by a separate dongle becomes here combined together with payment in the same card. Thus making clients’ lives easier and reducing banks’ distribution and management costs.
Toppan will be using OT technology for these display cards that will be issued by Japanese banks. With its large card production capacity, Toppan today holds a position as a trusted supplier for most major Japanese banks and credit card issuers. OT, present around the world, has 1250 clients including the most prestigious banking institutions and has deployed OT MOTION CODETM pilots in Europe, RMEA & LATAM.
“OT found in Toppan the perfect partner to bring our technology to the Japan market. Our partnership will combine Toppan’s expertise and knowledge of their Japanese customers with OT’s innovation leadership” said Eric Duforest, Managing Director of the Financial Services Institutions business at OT.
ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.
OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.
OT employs over 6 300 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com
For more information, visit http://www.oberthur.com/motioncode/
ABOUT TOPPAN PRINTING
Since its founding in 1900, Toppan has driven the evolution of printing techniques while expanding its fields of business. By fusing processing technologies and its marketing, IT, and creative capabilities with these techniques, Toppan has established a proprietary set of “printing technologies.” With this foundation, Toppan today operates a wide range of businesses in the fields of Information & Communication, Living & Industry, and Electronics.
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