January 21, 2002 in Social Responsibility News

SAMSUNG Electronics Smart Card Chip Complies with EMV Technology Standards

SEOUL, Korea - January 21, 2002 - Samsung Electronics expects its Smart Card chip to become widely used in credit cards. Visa International has certified that the chip complies with the Europay/Master Card/Visa (EMV) technology standard, and Samsung is poised to go after the rapidly growing world credit card market.


EMV technology certification covers specifications for financial transaction systems and Smart Card-based credit cards. These specifications have been agreed upon by Europay Co., Master Card International and Visa International. They must be adhered to for Smart Cards to be universally compatible in world markets.


EMV certification does not cover financial transaction systems themselves. A certification level is assigned to each Smart Card, or chip used in Smart Cards. The certification process is a strict and varied hardware risk review on these ICs. Future product application will be determined by the level of certification acquired.


Visa International has conferred EMV Technology Level 2 certification on the 8-bit Smart Card chip with a built-in 8KB EEPROM for SIM cards used in GSM wireless communications. This level covers basic operation and architecture as well as protection against hacking.


Receipt of this certification paves the way for Samsung to expand into Smart Card chips for finance related products-a market that is expected to grow rapidly in Europe, China and elsewhere. Importantly, the certification was granted by Visa International, a highly trusted company with a large share of the world credit card market. The high degree of technology and security that the chip represents has been amply proven, and this should also help to boost sales.


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