DOCSLIB.ORG

Smart Card Basics

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Smart Card Basics Outline Smart Card Basics Mondex - The Product Proposition Mondex Electronic Cash The Market Environment Mondex - Card & Devices Future Directions CALS/EC Korea Conference 2002 January, 2002 Seoul, Korea What is a Smart Card? The smartcard is a processing platform & a store of data it can perform calculations and run programs It contains its own memory (RAM), storage (ROM and EEPROM), and (Central Processing Unit) CPU like a PC If it had its own power supply, keyboard and screen, it would be Smart Card a fully independent computer Requires 으 n Interface Device (IFD) to supply the power and provide suitable input and display mechanisms. Some examples of IFDs are: point of sale terminal (POS| tele^Ktne ATM eic. 黑으스으 ^ What does the Chip Architec加re Lgk Like? Components of the Chip Control* card logic •nd perform calculation* Sequtnco input I output* nicates with IFD Control :input / (Mrtput AppHcationf*) Provide* Control* tming o( «v«nu Swcurity uMd by Operating system Operating System Content* lost whan power removed ROM EEPROM Silicon Storo* »oftwa«« ~~、＞ Contents not lost when Rud only memory power rwnovad Store* operating syvtam ・ Depending on the sophistication of the chip various components are omitted -233 • What is Mondex? htondex is money ...But Mondex money is ELECTRONIC Cash dominates retail payments Cash handling costs retailers and banks Mondex • The Product e.g. £4.500 miHion pa in the UK Features and benefits of cash Immediate value transfer Person to person Cost effective at lowest values Cash is the standard against which all stored va/ue initiatives should be Judged MONDEX- Mondex Electronic Cash CENTRAL 0ANK1 一 一*丿 Considcratioft^^ COMMERCIALSAlttCS Mm ' J j— 一二 丿저 Valu« circulation V귀 eircuUrtion Savinfi* Security Eliminales use for amoured vehicles and Ship funds to bank cash protection Less cash in OK / Lower handling Less staff accessA S A < Space Saving^^^^H ：1 to cash ZjaQ 、、L肅將 1/ '福顓 务赢赢;祈 > 、州广 : 붖 L ________ —keting________ EfRtiency Co-branding/loyalty Accuraie Ck_. opportunities Automatic 簌T a호 女 -234 - Sources of Revenue for New Members Mondex is a Unique Product Globally interoperable value No transaction or clearing cost Money Supply - like physical cash, electronic cash must be controlled The Manager of the ttFloatw has s Key R이 e in Securing Md Guaranteeing Electronic Cash A Scheme Structure is Inevitable to person paymMrta mu«t MtytonulH Multiple Single-Bank Floats One Joint Float Per Currency -235 - Mondex Trade Pass Card Issuer: Kookmin Bank & Kookmin Credit Card Launched in June, 2000 Mondex Cards & Devices Multi*Function Cards Contact: M어 idex+M/Chip+Digi(al Certificate Contaaless: Transportation 씺읺业틶& Features of Trade Pass Card Devices: Balance Reader Mondex Devices: Point of Sale Terminal Range of potential de히 ices wallet stand alone Mondex terminal Lowcost integrated EPOS terminal Easily portable networked system Possible link to bank -236 - Mondex Devices: Wallet Display balance in all pockets payment log Set and change personal code PCN Some wallets contain: a calculator an alarm ・.・ Mondex is moving towards Services to Customers Paymtnt, R«<ationsMp, Accts*, Information ... Channels to Operation The Future Direction of Mondex POS, Intenwt, Phone. ■o에 • T성 ・ph<my・ WMit。… Applications MoMtoX.' CiwM,<MN. ■知 .n MONDEX- Myself Mr. Dohyung Kim Technical Marketing manager, Mondex Korea Mondex Electronic Cash Tel: +82-2-399-7049 Fax: +82-2-399-7077 Email: [email protected] CALS/EC Korea Conference 2002 January, 2002 Seoul, Korea -237 -.
Load more

Recommended publications
  • SMART CARD GET SMART, GET CARDAX Cardax Smart Card Solutions
    © Copyright Cardax (International) Limited 1999 All rights reserved SMART CARD GET SMART, GET CARDAX Cardax Smart Card Solutions SMART CARD GET SMART, GET CARDAX Presentation Outline • Business Requirements • What is Smart Card technology? • Features and Benefits of Smart Cards • Contactless Smart Cards • MIFARE? Technology SMART CARD GET SMART, GET CARDAX Presentation Outline • Meeting Business Requirements • Cardax Smart Card Solutions • References • Recommendation SMART CARD GET SMART, GET CARDAX Business Requirements • Electronic funds transfer at point of sale (EFTPOS) through the banking system • Network accessibility to an intranet environment where all building facilities, from access control to recreational facilities to fax machines, internet, vending machines etc are interconnected SMART CARD GET SMART, GET CARDAX Business Requirements The system needs to provide: • a process to authenticate users • a secure login process • a record of utilisation time SMART CARD GET SMART, GET CARDAX What is Smart Card Technology? Smart card technology allows multiple applications to co-exist on a single IC (integrated circuit) card. SMART CARD GET SMART, GET CARDAX Features and Benefits of Smart Card Technology • The ability to use a single card for multiple applications has many benefits – Cardholders only need to carry one card – There are lower card costs because one card supports many applications – By using the default industry standard more applications can be more readily added SMART CARD GET SMART, GET CARDAX Features and Benefits
    [Show full text]
  • Trends in Smartcard Fraud•
    Trends in Smartcard fraud• Susan Burns, George R. S. Weir Department of Computer and Information Sciences, University of Strathclyde, Glasgow G1 1XH, UK {susan.burns, george.weir}@cis.strath.ac.uk Abstract. The introduction of smartcard technologies has reduced the incidence of card fraud in the UK, but there are still significant losses from fraudulent card use. In this paper we detail the context of smartcard introduction and de- scribe the types of fraud that remain a threat to cardholders and other stake- holders in the card system. We conclude with a risk analysis from the card- holder’s perspective and recommend greater cardholder awareness of such risks. Key words. Smartcards, fraud, consumer security, risk assessment. 1. Introduction A recent report from the European Security Transport Association (ESTA) found that nearly 20% of the adult population in Great Britain has been targeted as part of a credit or debit card scam. As a result, the UK has been termed the ‘Card Fraud Capital of Europe’ [1], with UK citizens twice as likely to become victims of card fraud as other Europeans. Plastic card fraud is a lucrative exploit for criminals and the pro- ceeds may be used to fund organised crime. Smart payment cards (Chip and PIN cards) were introduced in the UK to replace magnetic stripe cards and support PIN verification of card transactions. By the end of 2005, more than 107 million of the 141.6 million cards in the UK had been upgraded to smart cards [2]. Levels of plastic card fraud fell by 13% to £439.4 million in 2005 [3] and again to £428 million in 2006 (Figure 1).
    [Show full text]
  • Contactless Operating Mode Requirements Clarification Whitepaper
    Contactless Operating Mode Requirements Clarification Whitepaper Version 1.0 Publication Date: February 2020 U.S. Payments Forum ©2020 Page 1 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry body focused on supporting the introduction and implementation of EMV chip and other new and emerging technologies that protect the security of, and enhance opportunities for payment transactions within the United States. The Forum is the only non-profit organization whose membership includes the entire payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on, and have a voice in the future of the U.S. payments industry. Additional information can be found at http://www.uspaymentsforum.org. EMV ® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC. Copyright ©2020 U.S. Payments Forum and Smart Card Alliance. All rights reserved. The U.S. Payments Forum has used best efforts to ensure, but cannot guarantee, that the information described in this document is accurate as of the publication date. The U.S. Payments Forum disclaims all warranties as to the accuracy, completeness or adequacy of information in this document. Comments or recommendations for edits or additions to this document should be submitted to: [email protected]. U.S. Payments Forum ©2020 Page 2 Table of Contents 1. Introduction .......................................................................................................................................... 4 2. Contactless Operating Modes ............................................................................................................... 5 2.1 Impact of Contactless Operating Mode on Debit Routing Options .............................................. 6 3. Contactless Issuance Requirements ..................................................................................................... 7 4.
    [Show full text]
  • 1 Terms and Conditions of the Uob Smart$ Rebate
    TERMS AND CONDITIONS OF THE UOB SMART$ REBATE PROGRAMME 1. DEFINITIONS AND INTERPRETATIONS 1.1. In these Terms and Conditions, unless the context otherwise requires, the following expressions shall have the following meaning: “Bank” or “UOB” means United Overseas Bank Limited and its successors and assigns. “Card Transaction” means a payment for goods or services made using a UOB Card. “Excluded Cards” means UOB PRVI Miles Platinum American Express Card, UOB Preferred Platinum American Express Card, UOB UnionPay Platinum Card, UOB Travel Account Card, Purchasing and Private Label Card and any other card as may be determined by the Bank in its discretion. “SMART$ Merchant” means the merchant establishment participating in the UOB SMART$ Rebates Programme. “UOB Card” means each or any of the UOB Credit Cards and UOB Debit Cards. “Eligible Cardmember” or “UOB Cardmember” means each or any of the principal cardmember (i.e. the person to whom the Bank issued the principal UOB Card) and the supplementary cardmember (i.e. the person to whom the Bank issued the supplementary UOB Card). “UOB Credit Card” means any principal or supplementary credit card issued by the Bank in Singapore (but excluding all Excluded Cards); and which is valid, subsisting, in good standing and satisfactorily conducted in the opinion of the Bank. “UOB Debit Card” means any principal or supplementary debit card issued by the Bank in Singapore (but excluding all Excluded Cards); and which is valid, subsisting, in good standing and satisfactorily conducted in the opinion of the Bank. 2. ELIGIBILITY UOB SMART$ Rebates Programme does not apply to Excluded Cards unless otherwise stated.
    [Show full text]
  • Chairman's Letter More Than an Industry, It Is a World of News ISCAN
    QUARTERLY NEWSLETTER OF THE GLOBAL SMART CARD INDUSTRY JANUARY 2011 ISSUE this issue Welcome to the Chairman’s Letter P.1 International Smart ISCAN Member News P.1‐5 Card Associations Network 2011 Event Calendar P.4 International Smart Card Associations Network ‐ ISCAN ‐ is an international alliance of More than an industry, it is a world of news independent smart card associations combining manufacturers, systems integrators, issuers, Chairman’s Letter ISCAN NEWS potential issuers and From Catherine Johnston, CEO ACT Canada economic or social Every year ISCAN members meet in Q4 to discuss actors involved in the smart card activities. the state of the global market and how we can In Payments – The Canadian Task Force for contribute to progress in the coming year. the Payments System Review is well underway, identifying four payment 2010, a year where everyone was nervous landscape scenarios that could unfold over because of the global financial crisis, saw the Goals of the the next nine years. shipment of the one billionth EMV card and China Network committing to EMV. In fact, Eurosmart Continued on Page 3 announced that the overall growth in shipments ISCAN's major purpose of smart cards was 18% with financial services, is to support the loyalty and retail accounting for 880 million units proliferation of smart shipped. The effect of China converting to EMV • Eurosmart publishes smart cards card usage worldwide will see that number grow over the coming years. shipments for 2010 and 2011 forecasts by promoting results of 2011 is expected to also see double digit growth. tasks and facilitating Continued on Page 4 exchanges of views The contactless market experienced significant between participating growth in 2010 (40%) as well and is expected to national, continental continue that growth by another 28% in 2011.
    [Show full text]
  • Smart Cards Vs Mag Stripe Cards
    Benefits of Smart Cards versus Magnetic Stripe Cards for Healthcare Applications Smart cards have significant benefits versus magnetic stripe (“mag stripe”) cards for healthcare applications. First, smart cards are highly secure and are used worldwide in applications where the security and privacy of information are critical requirements. • Smart cards embedded with microprocessors can encrypt and securely store information, protecting the patient’s personal health information. • Smart cards can allow access to stored information only to authorized users. For example, all or portions of the patient’s personal health information can be protected so that only authorized doctors, hospitals and medical staff can access it. The rules for accessing medical information can be enforced by the smart card, even when used offline. • Smart cards support strong authentication for accessing personal health information. Patients and providers can use smart health ID cards as a second factor when logging in to access information. In addition, smart cards support personal identification numbers and biometrics (e.g., a fingerprint) to further protect access. • Smart cards support digital signatures, which can be used to determine that the card was issued by a valid organization and that the data on the card has not been fraudulently altered since issuance. • Smart cards use secure chip technology and are designed and manufactured with features that help to deter counterfeiting and thwart tampering. • Smart cards can help to reduce healthcare fraud by providing strong identity authentication of patients and providers. The use of secure smart chip technology, encryption and other cryptography measures makes it extremely difficult for unauthorized users to access or use information on a smart card or to create duplicate cards.
    [Show full text]
  • Smart Cards and Patients
    Smart Card Technology in U.S. Healthcare: FAQ Series Smart Cards and Patients In this FAQ 1. What is a smart card? 2. How can the smart healthcare card help patients? 3. How would patients use healthcare cards? 4. How do smart healthcare cards protect personal healthcare information? 1. What is a smart card? A smart card is a small card or similar device with an embedded integrated circuit chip. What makes the card smart is the embedded chip. The chip is a powerful minicomputer that can be programmed for different applications. The chip enables a smart card to store and access data and applications securely and exchange data securely with readers and other systems. Smart card technology can provide high levels of security and privacy protection, making smart cards ideal for handling sensitive information such as identity and personal health information. For additional information on smart card technology, see the “About Smart Cards FAQ.” 2. How can smart healthcare cards help patients? Smart healthcare cards can help patients in a number of ways, all stemming from the card’s ability to authenticate a patient’s identity when the patient seeks medical care. Identifying the patient is the cornerstone of quality medical care and good health system management. Accurate identification of each person who receives healthcare has multiple benefits: • Decreases medical errors • Expedites the admissions process • Reduces healthcare costs • Expedites claims reimbursement • Reduces the incidence of medical identity theft and fraud Optimal medical care requires that a healthcare provider have access to all of a patient’s relevant medical history and know what medications have been prescribed.
    [Show full text]
  • Multi Account Embedded ATM Card with Enhanced Security
    IOSR Journal of Electronics and Communication Engineering (IOSR-JECE) e-ISSN: 2278-2834,p- ISSN: 2278-8735.Volume 10, Issue 3, Ver. I (May - Jun.2015), PP 31-41 www.iosrjournals.org Multi Account Embedded ATM Card with Enhanced Security (1)Katakam Swathi, (2)Prof.M.Sudhakar PG Student, Department of Electronics & Communication Engineering, C.M.R College of Engineering & Technology. Hyderabad, India. Professor, Department of Electronics & Communication Engineering, C.M.R College of Engineering & Technology. Hyderabad, India. Abstract: Automated Teller Machine (ATM) services are more popular because of their flexibility and easiness for banking systems. People are widely using their ATM cards for immediate money transfer, cash withdrawal, shopping etc. On most modern ATMs, the ATM card used by the customer for each bank account which is a plastic ATM card with a magnetic stripe or a plastic smart card with a chip. However, password PIN which is the main authentication for ATM transactions represent the weakest link in the computer security chain. In the proposed Multi Account Embedded ATM card, we embed more than one bank account into a single ATM card so that the customer can carry out the financial transactions for multiple bank accounts. The user need not carry multiple ATM cards and remember multiple passwords. To provide high security we introduced fingerprint based customer authentication. It reduces the cost of interbanking transactions as interfacing different bank databases is a resource consuming thing. Keywords: ATM, Banks, Fingerprint, Smart card, User authentication, NFS, PIN, Transaction. I. Introduction ATM is an abbreviation of Automated Teller Machine. It was introduced in the year 1960s.
    [Show full text]
  • The Smarts Behind EMV Smart Cards Part 2 – Offline Transaction Processing Yash Kapadia CEO, Omnipayments, Inc
    The Smarts Behind EMV Smart Cards Part 2 – Offline Transaction Processing Yash Kapadia CEO, OmniPayments, Inc. For the November/December 2014 Issue of The Connection It seems that every month comes with an announcement of another hack in which the data of millions of payment cards has been stolen. This data is used to clone credit cards and debit cards, which are then sold in the underground Internet. Is there any protection available to us to thwart such attacks? The answer is yes – smart cards. A smart card, also called a chip card or an integrated-circuit card (ICC), includes an embedded computer chip that employs cryptographic and risk-management features. In conjunction with a smart-card POS or ATM terminal, these features are designed to thwart skimming, card-cloning, card-counterfeiting, and other fraudulent attacks. A decade or more ago, a consortium of card issuers comprising Europay, MasterCard, and Visa (EMV) began the specification of smart cards or as they are formally known today, EMV cards. EMV card technology has been adopted by most of the countries on all continents in the world except for the United States. The United States is the laggard. Representing almost half of all payment cards and terminals in the world, the U.S. still runs its payment- card services on outdated magnetic-stripe technology. However, this is about to change. The U.S. payment-card industry has mandated that all merchants be EMV-compatible by October, 2015 (except for gas stations, which have until 2017) or face a “liability shift.” If a merchant does not process at least 75% of its transactions through an EMV-enabled terminal (whether via chip-cards or magnetic-stripe cards) and accepts a disputed or fraudulent card payment, the merchant will be liable for the transaction rather than the issuer.
    [Show full text]
  • Unlocking the Smart Card
    Episode Four: Unlocking the Smart Card This is an excerpt from Unlocked — an ASSA ABLOY podcast series on campus security. Unlocked explores the security issues and challenges that colleges and universities face as they strive to create a safe and secure learning environment. Visit intelligentopenings.com/unlocked to hear more. How We Got Smart Before diving into the current broken cards and physical wear on the credential technologies, it helps to readers. Prox solved these problems. understand where we came from. Lower maintenance costs, increased In 1960, a young engineer from IBM user convenience, and new options named Forrest Parry invented the for form factors like fobs made the magnetic stripe card. Once prox card a winner. But the low- ubiquitous on campus doors, more frequency proximity technology is reliable and secure technologies not without its limitations. are quickly eclipsing the mag stripe. Mag stripe cards are simple. A card gets swiped in a reader. That reader then reads a sequence of numbers Outside of higher stored on the stripe of that card. education and If the number matches what’s stored in the access system’s older hotels, hardly Whether installing a new door access database, the door unlocks. system for your campus or upgrading from a legacy system you have a lot of Many campuses still use the mag anyone still uses decisions to make. stripe card for their door access. This is mainly because the cards are mag stripe cards You first must choose the right access inexpensive, the cost to replace the software and locking hardware.
    [Show full text]
  • Smart Card for Banking with Highly Enhanced Security System A.Salma1, C.Sarada Devi2, V
    SSRG International Journal of Electronics and Communication Engineering (SSRG-IJECE) – volume1 issue2 April 2014 Smart Card for Banking with Highly Enhanced Security System A.Salma1, C.Sarada Devi2, V. Saranya3 1,2,3 Student (B.E[ ECE], University College of Engineering Arni, India) ABSTRACT : Banking Transactions with ATM depends on other bank customers in using the ATM of some other authorization of a financial transaction by the card issuer or bank crossing the limit they have to pay transaction fee. other authorizing institution via the communication network. At present every customer has an individual ATM card for Personal identification based on biometrics has each and every bank in which they maintain an account. Hence been receiving extensive attention in public security and handling the ATM cards with confidentiality of their information security domains [3]. The biometrics passwords play a major role here. To overcome this difficulty identification uses physiological characteristics of or complexity, embedding all their bank accounts of the users humans and distinguishes one from another. These in a single ATM smart card in such a way that, the users can swipe the card and can select the bank from which they are characteristics are face, facial thermo grams, fingerprint, interested to carry out transactions. Hence, a combination of iris, retina, hand geometry etc. The Identification and multiple security compliments is mandatory to provide a high authentication is a process for verifying a user identity. level of protection against fraud and other threats. As a result, Identification is concerned with how the user provides the paper proposes framework for user identification and his or her unique identity to the system [3].
    [Show full text]
  • Why Has Stored Value Not Caught On?
    Why Has Stored Value Not Caught On? Sujit Chakravorti Emerging Issues Series Supervision and Regulation Department Federal Reserve Bank of Chicago May 2000 (S&R-2000-6) Why Has Stored Value Not Caught On? Sujit Chakravorti1 Emerging Payments Department Federal Reserve Bank of Chicago 230 S. LaSalle Street Chicago, IL 60604 [email protected] May 2000 Abstract Why have general-purpose stored-value cards been unsuccessful in penetrating the U.S. market? Three necessary conditions for a payment instrument to be successful are discussed: consumers and merchants need to be convinced of its advantages over existing payment alternatives for at least some types of transactions; payment providers must convince consumers and merchants simultaneously of its benefits to achieve critical mass; and assure them that adequate safety and security measures have been implemented. This article discusses the credit card industry’s success in meeting these necessary conditions and stored-value issuers’ failure to meet these conditions to date. Address any correspondence about this paper to Sujit Chakravorti, Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604, telephone (312) 322-8473 or e-mail [email protected]. Requests for additional copies should be directed to the Public Information Center, Federal Reserve Bank of Chicago, P.O. Box 834, Chicago, Illinois 60690-0834, or telephone (312) 322-5111. The Emerging Issues Series Working Papers are located on the Federal Reserve Bank of Chicago's Web site at: http://www.chicagofed.org/publications/workingpapers/emergingissues.cfm 1I thank Jeff Gunther, Bob Moore, Ken Robinson, and Tom Siems for comments on earlier drafts.
    [Show full text]