Samsung taps into Chinese financial market with smart card ICs

Samsung taps into Chinese financial market with smart card ICs

Summary: Samsung Electronics is tapping into China's financial market with its smart card integrated circuits (IC) solutions reports ZDNet Korea's Jeong Hyeon-jeong.

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TOPICS: Korea
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The Korean electronics giant’s smart card IC line-up has gained approval from Chinese authorities, receiving the People’s Bank of China (PBOC) 3.0 certification, the company said in a press release.

PBOC 3.0, announced by the People’s Bank of China in February, is a new security certification for financial card ICs and a must-have to enter China's financial market Samsung said.

The company’s S3CT9KC, S3CT9KA and S3CT9PA, each with different interfaces and EEPROM capacity, were certified.

samsung-smart-card-ics
Samsung's smart card ICs

Samsung said it applied its self-developed CPU technology “SecuCalmTM” based on a 90-nanometer manufacturing process, which boasts strong security.

The electronics maker’s smart card ICs have received EAL 5+ from Common Criteria, an international security standard setter, and certifications from EMVCo (Europay, Mastercard, Visa).

According to research agency ABI Research, around 530 million IC bank cards are being used in China with 400 million more to be issued. 

 

Source ZDNet Korea (www.zdnet.co.kr)

Topic: Korea

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