Cyril Lalo

CEO at ellipse Inc.

Message Posts: 4 Comments: 4

Bio Completing the EMV evolution with EVC, the EMV integrated Dynamic Card Security Code Technology - https://www.linkedin.com/in/cyrillalo/ Career History Serial entrepreneur and Inventor with over 23 years of experience leading high-tech and Fintech companies. Founder and CEO at ellipse inc., Founder and CEO at CyLal Consulting Corp. Formerly, Worldwide Head of Payment Indirect Sales at Oberthur Technology (now IDEMIA), Founder / President / CEO of NagraID Security (Sold to Oberthur Technology in September 2014), EVP at Prosodie, Founder / Chairman / CEO of nCryptone (previously called AudioSmartCard, Sold to InCard in 2006), Chairman / CEO of NSX and Founder CEO of MRI (Microsoft and IBM Certified Provider). Graduated from EGC and IFG business school.

Blogs

Dynamic Card Security Code, CNP & eCommerce Forum

The rise of the Card Security Code

10 Sep 2021

From remote transaction outlier to most vital card data Over the past 20 years, Card Security Codes (also known as CVC2, CVV2) usage has greatly expanded from confirming genuine cardholders to securing eCommerce transactions, eWallet enrollments, and profile management, to name just a few. The Card Security Code has become the initial verificatio...

Dynamic Card Security Code, CNP & eCommerce Forum

Now we know: CVVs & CVCs ARE COMPROMISED AT THE CARD LEVEL!

06 Apr 2021

Although 2021 is just over three months old, we are getting data about payment card fraud in 2020 and it suggests some interesting trends. For example, the number of credit cards for sale on the dark web increased to 45 million in the second half of last year. Given the increase in eCommerce during the pandemic, one would intuitively expect gre

Dynamic Card Security Code, CNP & eCommerce Forum

Maximize PSD2’s SCA Exemptions

22 Dec 2020

Risk of over €100 billion in lost sales (1) Surge of CNP fraud in other regions of the world without SCA Focus on qualifying transactions within exemption categories Since 2015 Merchants and payment card Issuers have been grappling with the impact of proposed new regulations from the European Banking Authority (“EBA”). The latest release of regu

Dynamic Card Security Code, CNP & eCommerce Forum

Have Neobanks lost their DNA?

16 Dec 2020

One of the more interesting developments in the consumer retail banking sector in recent years has been the emergence of the “Fintech” banks, also known as Neobanks (“Neobanks”). These banks operate virtually, avoiding the costs of a brick and mortar branch network. They appeal to a younger demographic by offering a transparent, seamless banking

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Cyril is Commenting on

Thank for your input Mark. Dynamic CSC provides protection right at the card level. The solutions you mentioned operate as a second line of defense as they do not prevent theft of information present on the physical card or stored (such as the recent Ticketmaster database breach), which can be used subsequently by fraudsters. Not to mention that SCA itself brings a whole different set of issues, just look at the numerous reports linking SCA with low authentication success rates, cart abandonments, etc. Most Neobanks issue debit cards only, that have very low interchange rates. Any fraud that occurs requires a lot more transactions to recover the total cost of the fraud that include the fraud management costs. For cardholders, the impact and experience are terrible as funds leave their account right away. It’s already expensive for banks to acquire new clients, challenging to keep an account active, so you can imagine the titanic effort that is necessary to retain them following a fraud. The stakes are much higher for Neobanks, which makes it essential to provide security at every layer. In addition of the security, DCSC card bring a WOW effect, top of wallet and a great marketing tool. BTW would you mind sharing the source of the fraud rates that you made reference to.

18 Dec 2020 Reply Read article

Have Neobanks lost their DNA?

Thank you Nahum for your insights. It’s true that Neobanks must face the reality of the banking business however, they should still continue to bring innovative features and value for which their clients will be willing to pay. (like Dynamic Security Code Cards...)

18 Dec 2020 Reply Read article