Cryptogram-based card verification codes that dynamically change for each transaction are a weapon to address card-not-present (CNP) fraud. Oberthur Technologies (OT), the third largest payment card manufacturer in the world, brought its cryptogram card product to market 18 months ago. Now called Motion Code, OT is starting to evaluate reactions to it by issuers and cardholders involved in 10 pilot tests in progress in the U.S., Mexico, Poland, and France. Those tests are examining how effective Motion Code is in stopping CNP fraud, whether cards using the technology will be a consumer’s fir...