Credit Card Hardware Protection With CVC Replacement .

Submitted 3 years ago

Isolated hardware module on smartphone , not accessible from other components of smartphone , used for activation of credit card (for 1-2 min) and update of CVC3 code. Module programmed and coupled to credit card by bank authorized vendor. Hardware module disable smartphone if card was not connected for 24/48 hours.This protects both credit card and smartphone.
Card theft or copy ( skimming) is useless since CVC is replaced. Module may have encrypted separated communication with bank server. In case of fraud attempt (or overdraft limit) bank can send command to clients smartphone , disabling credit card activation.