STMicroelectronics provides protection and power for Ellipse's top-ranked battery-free dynamic card verification module

     STMicroelectronics provides fintech innovator Ellipse World with energy harvesting security microcontrollers to enhance the security of card payments. CompoSecure will introduce the first metal card with EVC technology, an innovative payment solution that will enhance the payment experience and enhance user protection, thanks to the support of ST's ST31N600 chip.

     Ellipse selected the ST31N600 security microcontroller as a key component of the battery-free EVC(Ellipse Verification Code) All-In-One™ dynamic CVV(Card Verification Code) micromodule. The EVC All-In-One is a standard-size EMV micromodule that enables card manufacturers to install a three-digit card verification code display on the back of the module on the card. The card verification code changes every time you pay with your card at a physical POS terminal or ATM device, and can also be refreshed on demand with your mobile phone. The new code can be used for subsequent online or cardless transactions, effectively reducing the risk of erroneous transaction rejections and fraudulent cardless activities.

     When used in conjunction with STPAYTP1x, EVC All-In-One adds a layer of security to EMV payment transactions. The ST31N600 is responsible for collecting the electromagnetic energy radiated by the card reader and powering the entire circuit. The solution does not require batteries, which simplifies the manufacturing process and saves costs.

     Laurent Degauque, Director of product Marketing for Network Security at ST, said: "The ST31N600 is the starting point for great advances in smart cards, with strong security and functionality to enable innovative payment verification mechanisms that are easy to use."

     Cyril Lalo, President and CEO of Ellipse, said: "The decision to partner with ST provides us with the strongest foundation for the development of EVC All-In-One micromodules. The ST31N600 integrates security processor, contactless communication and energy harvesting on a space-saving, low-power chip. This allows us to extend the protection of EMV to e-commerce and introduce to the market a new generation of payment modules that connect the physical and digital worlds.

     Greg Maes, Chief Operating Officer of CompoSecure, said: "The Ellipse EVC All-In-One micromodule is based on ST's ST31N600 chip, and the advanced security, convenience and sense of security that it brings to users allows us to perfectly integrate card design style with material."