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Cyril Lalo

CEO
ellipse Inc.
Member since
16 Dec 2020
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

Completing the EMV evolution with EVC, the EMV integrated Dynamic Card Security Code Technology -
https://www.linkedin.com/in/cyrillalo/

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CEO
ellipse Inc.
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Cyril Lalo

The rise of the Card Security Code

From remote transaction outlier to most vital card data Over the past 20 years, Card Security Codes (also known as CVC2, CVV2) usage has greatly expanded from confirming genuine cardholders to securing eCommerce transactions, eWallet enrollments, and profile management, to name just a few. The Card Security Code has become the initial verificatio...

10 September 2021 Dynamic Card Security Code, CNP & eCommerce Forum

Cyril Lalo

Now we know: CVVs & CVCs ARE COMPROMISED AT THE CARD LEVEL!

Although 2021 is just over three months old, we are getting data about payment card fraud in 2020 and it suggests some interesting trends. For example, the number of credit cards for sale on the dark web increased to 45 million in the second half of last year. Given the increase in eCommerce during the pandemic, one would intuitively expect gre

06 April 2021 Dynamic Card Security Code, CNP & eCommerce Forum

Cyril Lalo

Maximize PSD2’s SCA Exemptions

Risk of over €100 billion in lost sales (1) Surge of CNP fraud in other regions of the world without SCA Focus on qualifying transactions within exemption categories Since 2015 Merchants and payment card Issuers have been grappling with the impact of proposed new regulations from the European Banking Authority (“EBA”). The latest release of regu

22 December 2020 Dynamic Card Security Code, CNP & eCommerce Forum

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Latest comments

The rise of the Card Security Code

CVC2/CVV2: Do you really know all what they are used for?
Ping me if I missed one.

10 Sep 2021 00:23 Read comment

Have Neobanks lost their DNA?

Thank you Mark. 

21 Dec 2020 23:48 Read comment

Have Neobanks lost their DNA?

Thank for your input Mark. 

Dynamic CSC provides protection right at the card level. The solutions you mentioned operate as a second line of defense as they do not prevent theft of information present on the physical card or stored (such as the recent Ticketmaster database breach), which can be used subsequently by fraudsters. Not to mention that SCA itself brings a whole different set of issues, just look at the numerous reports linking SCA with low authentication success rates, cart abandonments, etc. 

Most Neobanks issue debit cards only, that have very low interchange rates. Any fraud that occurs requires a lot more transactions to recover the total cost of the fraud that include the fraud management costs.

For cardholders, the impact and experience are terrible as funds leave their account right away. It’s already expensive for banks to acquire new clients, challenging to keep an account active, so you can imagine the titanic effort that is necessary to retain them following a fraud. The stakes are much higher for Neobanks, which makes it essential to provide security at every layer. 

In addition of the security, DCSC card bring a WOW effect, top of wallet and a great marketing tool.  

BTW would you mind sharing the source of the fraud rates that you made reference to. 

 

18 Dec 2020 21:01 Read comment

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Cyril writes about

  • security
  • payments
  • regulation & compliance
  • financial crime

Cyril's opinion archive

  • 2021 (2)
  • 2020 (2)

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  • Dynamic Card Security Code, CNP & eCommerce Forum

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