Fintech: Deutsche Bank Teams Up in Spain to Launch “Motion Code” Card

January 2, 2020 | FinTech, Investments, News

The German bank partners with Mastercard in a first for Spanish consumers.

The Motion Code Card has hit Spain.

Deutsche Bank launched the innovative credit card this week in a partnership with industry leaders. The card contains an advanced CVC code that alters every four hours. The German Bank has teamed up with Idemia and Mastercard to launch the “Motion Code” card. It will operate under the brand name “Tarjeta Calma.”

Based on the name, it’s clear that the firms are also trying to improve online shopping experiences and reduce anxiety over cybersecurity. In addition, the card provides insurance coverage for any related theft or robbery linked to the card. In addition, users can use the card to reduce spending costs. Also, should they locate the item they purchased somewhere else online for a cheaper price, customers will be refunded the difference.

How the Motion Code Card Works

Meanwhile, Idemia’s technology powers the Motion Code Card. Its technology contains a dynamic cryptogram that randomly changes. The technology further reduces data theft and cloning of sensitive data on the web.

“The Deutsche Bank Mastercard Tarjeta Calma will go beyond usual payment card benefits and offers customers the latest security tech so that they can buy online in an environment where online shopping is ever-growing,” said Luis Miegimolle, Deutsche Bank Card Manager. “We are thrilled to pioneer this technology in Spain and introduce this new product backed by Mastercard and Idemia.”

Related: FinTech: Grab and Singtel in [60:40] JV to Launch a Digital Bank in Singapore

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