BPC Partners With Ellipse to Boost Payment Transaction Securityby Fintechnews Switzerland June 5, 2023
Swiss payment solution provider BPC announced that it has expanded its partnership with U.S.-based fintech company Ellipse World.
The partnership will focus on bolstering security measures and privacy for customers by integrating EVC® (Ellipse Verification Code), Ellipse’s dynamic card security code/CVV/CVC technology into BPC’s SmartVista platform to provide EVC processing services.
Traditionally, payment cards heavily relied on a fixed security code (static CVV/CVC) for transaction verification or authentication.
However, through the integration of Ellipse’s EVC technology into SmartVista, BPC’s global clientele may now experience an upgrade to their card portfolio.
Vasily Grigoriev, Managing Director of Global SaaS at BPC said,
“We are excited to partner with Ellipse to enable our clients to deploy cutting edge payments technology. BPC is committed to supporting innovative fraud prevention solutions, ensuring that our consumers are able to leverage the right security solutions.
Having Ellipse’ dynamic CVV technology together with our established Fraud Prevention service we are about to achieve an unprecedented level of cards security on behalf of our customers.”
Cyril Lalo, Founder and CEO of Ellipse said,
“Through leveraging and integrating existing EMV rails, we have developed a unique method to reducing financial fraud associated with e-commerce and card-not-present transactions.
Through our partnership with BPC, we are empowering a greater number of financial institutions, businesses, and consumers to enhance their e-commerce journey with peace of mind and serenity.”
Featured image credit: Background image edited from ellipse.