PNC Bank offering dynamic CVV credit cards with continuously updating security codes

PNC Bank is piloting dynamic CVV cards that use an e-ink screen on the reverse of the card to display a continuously updated three-digit CVV security code. The US-based bank plans to begin offering the cards to its Treasury Management division’s commercial cardholders in early 2019. PNC is using cards based on Visa’s Dynamic CVV2 Specification (dCVV2) for the pilot and is working with Idemia and Tsys, as well as Visa, on the project. “Almost all US consumer and commercial credit cards now use EMV chip technology, which significantly reduces card-present counterfeit fraud since the EMV chip produces a one-time, dynamic code needed to process the transaction,” says Christopher Ward, head of product management at PNC Treasury Management.