Dynamic Code transaction authorisation
A major source of payment card fraud is the unauthorised use of plastic payment card details which can be read by anyone (name, account number and expiration date on the front of the card, and a three or four digit code on the front or back of the card).
This three or four digit code never changes, which makes it easier for a criminal to make an unauthorised payment by telephone or on the internet.
Logomotion’s innovative software architecture and applications on the LOGOMOTION PAY CARD enables transaction authorisation based on a one-time dynamic code.
The result is that a static three or four digit authorisation code as found on a plastic payment card is not needed for a LOGOMOTION PAY CARD transaction.
Logomotion has a patent pending for this innovative payment technology.
