It has been revealed that Barclays are planning to employ a new credit card security system based on the encryption technology developed by the Nazis in the second World War.
Inventors of the new system, David Taylor and George French based their design on the famous Enigma coding machine used by the Germans to produce different combinations of numbers at various intervals to constantly change codes.
A patent for the invention has been secured by Barclays along with the two inventors.
Barclays have said that they are constantly looking at ways of tackling fraud and protecting customers and therefore has backed the invention that would see ‘a CVV code that changes dynamically put onto a physical card, in order to tackle online fraud.’
Present CVV codes (the three-digit number security card number located on the back of cards) serves as the primary form of credit card security, but is fixed. The new credit cards would feature a keypad to enter a PIN number which would then generate a number of different codes to form a new CVV number next to the signature strip.
Barclays confirmed that there is as far no timetable for the release of the technology to their customers.
The original Enigma machine was used by the Germans during the last World War, and with trillions of possible combinations was considered unbreakable.
However, following breakthroughs by Polish intelligence, Alan Turing’s team at Bletchley Hall famously broke the codes and possibly shortened the war by several years.