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News and resources on cyber and physical threats to banks and fintechs worldwide.

BBVA demonstrates safety of new blank payment cards in public display

BBVA has gone to extreme lengths to demonstrate the safety of its new line of 'blank' payment cards by publicly displaying the card issued to the bank's head of marketing on a billboard in Madrid's busiest shopping street.

3 comments

BBVA demonstrates safety of new blank payment cards in public display

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Already available to consumers in Turkey and set for launch in Spain at the end of the month, BBVA's Aqua is a rewards-based credit card that stores credit card numbers, expiration dates and CVV codes on a separate mobile app, rather than on the physical card itself. Every time a customer wants to make a purchase, they must access the app and check the card number, dynamic CVV and expiration date.

To reinforce public confidence in the new cards and demonstrate the bank's assurances about its inherent security, BBVA's marketing director Jaime Bisbal, has gone above and beyond, creating an installation featuring his own card on Madrid's bustling Gran Vía 36 street.



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Comments: (3)

A Finextra member 

Personally, I'd far rather have seen how it's used to make a purchase inside a store rather than all the marketing guff.

Hitesh Thakkar Technology Evangelist (Financial Technology) at SME - Fintech startups (APAC and Africa)

This is new form factor of Card and Mobile. Trying to crack it - Card with Tokenisation element - Phyical element gets linked to Mobile which has Virtual card ( Dynamic CVV brings one more deterance level).

We need to see how during card swipe, merchant terminal sending card data plays with mobile part.

Eiren O'Keeffe hardtech.net ltd.

Where is the value here?  Why wouldn't a consumer simply use Android or Apple Pay and be done with a double click and a glance or fingerprint?  

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