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Gemalto: Gemalto protects banks and card issuers against Card-Not-Present fraud with next generation payment security solution

Dynamic Code Verification: Dynamic CVV/CVC solution available in both mobile
and card formats

Amsterdam, Oct. 13, 2015
- Gemalto (Euronext NL0000400653 GTO), the world leader in digital security,
announces the launch ofDynamic Code Verification
, a comprehensive payment security solution that protects against
Card-Not-Present (CNP) fraud on-line and ensures an easy user-experience
cardholders have come to expect. This complete dynamic CVV/CVC solution
includes an EMV payment display card that secures traditional in-store and
eCommerce payments, ATM withdrawals, a mobile version, a validation server
and associated services. The mobile offer is unique to Gemalto, supporting
the digital vision of banks with mobile at the forefront of their business

The solution allows issuers to replace the static 3-digit visual cryptogram
traditionally used for online purchases with a time based dynamic CVV/CVC
displayed on the customer's payment card or on their mobile. The code changes
every 20 minutes, dramatically enhancing the security level of online

The Nilson Report estimates that total global fraud losses were $16.31 billion
in 2014, a rise of 19% year-on-year. CNP fraud accounted for 25% of this
figure, and is set to increase significantly. Banks have started to introduce
solutions that provide a higher level of security but these can still be time
consuming and impact on the overall customer experience. As a result the
shopping cart abandonment rate is staggering, with 68% of online transactions
initiated not completed.

Gemalto is the only company able to provide a fully integrated solution banks
can implement easily, either in the physical card or mobile version, and with
minimal cardholder education required. The enhanced security level reduces
costs associated with CNP fraud management and delivers higher customer

Consumer study and user testing recently conducted by an independent market
research firm has demonstrated that end users intuitively understand the
security benefits of this display bank card and are more likely to use this
bank card as their first choice for everyday card transactions. Enhanced
technology also delivers a long product lifecycle, with battery life
typically extending to four years

"Gemalto's Dynamic Code Verification solution provides banks with complete
flexibility to meet individual customer preferences - card or mobile - and
refine their customer segmentation model while maximizing reach
," said Håkan Nordfjell,
Senior Vice President of eBanking and eCommerce at Gemalto. "Gemalto is unique
in being able to offer banks a complete CNP security
solution, further supported by an extended portfolio of services such as
consulting, integration, personalization and fulfilment."

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security,
with 2014 annual revenues of €2.5 billion and blue-chip customers in over 180

Gemalto helps people trust one another in an increasingly connected digital
world. Billions of people want better lifestyles, smarter living
environments, and the freedom to communicate, shop, travel, bank, entertain
and work - anytime, everywhere - in ways that are enjoyable and safe. In this
fast moving mobile and digital environment, we enable companies and
administrations to offer a wide range of trusted and convenient services by
securing financial transactions, mobile services, public and private clouds,
eHealthcare systems, access to eGovernment services, the Internet and
internet-of-things and transport ticketing systems.

Gemalto's unique technology portfolio - from advanced cryptographic software
embedded in a variety of familiar objects, to highly robust and scalable
back-office platforms for authentication, encryption and digital credential
management - is delivered by our world-class service teams. Our 14,000
employees operate out of 99 offices, 34 personalization and data centers, and
24 research and software development centers located in 46 countries.

For more information
visitwww.gemalto.com,www.justaskgemalto.com,blog.gemalto.com, or
follow@gemaltoon Twitter.

Gemalto media contacts:

| Philippe Benitez Peggy Edoire Vivian Liang |
|North America |
|+1 512 257 3869 Europe&CIS Greater China |
|philippe.benitez@gemalto.com +33 4 42 36 45 40 +86 1059373046 |
| peggy.edoire@gemalto.com vivian.liang@gemalto.com |
| Ernesto Haikewitsch Kristel Teyras Pierre Lelievre |
|Latin America Middle East&Africa Asia Pacific |
|+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 3802 |
|ernesto.haikewitsch@gemalto.com kristel.teyras@gemalto.com pierre.lelievre@gemalto.com |
Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire


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