Outline

Smart Card Basics

Mondex - The Product Proposition 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 Smart Card If it had its own power supply, keyboard and screen, it would be 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: 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 Content* lost whan power removed

ROM EEPROM 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 Cash handling costs retailers and 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 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 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 log

Set and change personal code PCN Some wallets contain: a calculator an alarm

・.・ Mondex is moving towards

Services to Customers Paymtnt, R«

Channels to Operation The Future Direction of Mondex POS, Intenwt, Phone. ■o에 • T성 ・ph

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 -