This card is being rolled out by French banks to eliminate fraud

Finally, someone is doing something smarter about credit card fraud. They are integrating two factor authentication with the credit card system, making the 3 digit auth code into a one time use code that only the possessor of the card and the bank should be able to know to execute transactions using that card. Sweet!

Forget fraud, Société Générale and Groupe BPCE’s new bank cards are about to change everything about fraud.

Source: This card is being rolled out by French banks to eliminate fraud