MK Group’s U2F Token device – FIDO® KeyPass S1 was honored at Vietnam Digital Awards 2019

On the afternoon of September 6th , 2019, Vietnam Digital Awards for the second time in 2019 was taken place at Hanoi Opera House to honor organizations and individuals for their contribution to digital technology transformation to improve the customer experience, and economic development in Vietnam.

Vietnam Digital transfer – Vietnam digital awards is the Award of Vietnam Digital Media Association (VDCA) join force with Award Council, which includes experts, reporters, high-level leaders in the fields of science and technology, information and communication, economics..

At the Vietnam Digital Award 2019, MK Group’s U2F Token security device named FIDO® KeyPass S1 has become one of the 50 typical IT products of Vietnam to be awarded.

To achieve the award, MK Group’s Keypass U2F Token must pass a variety of rigorous evaluation criteria for the features/ functions of products, services, solution, technology, security and product quality; The prominence of products and services compared to similar products on the market; New products and services have potential for application; Human resources, investment level for ICT; Process of management, administration, production and business; Evaluation of the efficiency of the conversion process according to revenue, market share as well as the prestige capacity of the unit, business owner…

FIDO® KeyPass S1 is proud to be the first device of Vietnam to achieve U2F (Universal Second Factor) certificate of the FIDO Alliance Authentication (FIDO Alliance) to allow network users (Internet, LAN, …) to make secure online services that support FIDO U2F without using any other software.

By using a second authentication factor in addition to the username and password, the device helps users remove phishing and prevent man-in-the-middle attacks with simple login steps, press and use. FIDO® KeyPass S1 supports on most operation systems and browsers, users only need a single U2F Token for any of services from Internet banking to Gmail, Facebook, Dropbox….

FIDO® KeyPass S1’s U2F Token has become one of the 50 IT products of Vietnam Digital Award 2019 to help confirm the leading position in security authentication and smart card of MK Group. Furthermore , we can prove our “Made in Vietnam” security authentication solutions which are capable of competing on quality and price with global companies by sophisticated products like Keypass U2F Token.

With the orientation to Smart Digital Security, MK Group is making an effort to improve the quality of security authentication products to supply the market in the near future.

MK Smart factory in HCMC is granted a MasterCard certificate for performing financial card personalization

On April 30, 2019, the MK Smart factory in HCMC was officially granted the Certificate  of Compliance by MasterCard to perform card personalization, chip personalization and PIN mailing printing services.

The reason that MK Smart was granted this certificate is due to the fact that the MK Smart factory in HCMC completely satisfied the stringent requirements of MasterCard for security and information technology infrastructure. Currently, the MK Smart factory located in High Tech Park – HCMC is equipped with an advanced physical security system that includes security applications with cutting-edge technology—securely protecting clients’ data for financial institutions.

In addition, all employees of the factory receive training on annual security regulations and a new internal audit department has been established under the purview of the Security Director.

This certificate will allow MK Smart to serve banks issuing MasterCard-branded cards in the South of Vietnam and in neighboring countries, such as Laos, Cambodia, etc. faster and more effectively. It will help shorten delivery schedules, as well as reduce transportation costs. Previously, MasterCard-branded financial cards had to be personalized in the MK Smart factory in Hanoi.

MK Smart in HCMC was inaugurated in 2010 in HCMC High-Tech Park with a total surface of 3,000 square meters, fully meeting the demands of printing tens of millions of cards for businesses and organizations throughout the Southern Vietnam market. From now on with MasterCard certification, the MK Smart factory can serve banks in the Southern region with secure financial card personalization. In the future, MK Smart will proceed to apply for Visa certification to perform financial card personalization for its factory in HCMC.

MK Smart accompanies with commercial banks in Vietnam for a successful VCCS chip card migration

On the morning of March 26, 2019 at Melia Hotel Hanoi and March 28, 2019 at Majestic Hotel in HCMC, MK Smart Joint Stock Company (MK Smart) has collaborated with Infineon – (a renowned secure chip card manufacturer for global payment applications) and NEXT Biometrics ( a leading company in advanced fingerprint sensor technology for applications that require highest level of security and accuracy), to successfully organize:” Accompany with commercial banks in Vietnam for a successful VCCS chip card migration” conference.

October 10th , 2018, State Bank of Vietnam (SBV) officially issued Vietnam Chip Card Standards. According to the roadmap approved by the Governor of SBV, by December 31st , 2021 at the latest, the entire magstripe cards in Vietnam must complete the migration to VCCS standard chip cards.

With 70 millions of domestic cards need to be migrated in to VCCS chip cards currenttly, if Vietnam is behind this schedule, it could become the country for card frauds with increasing number of skimming and phishing cases.

Scope of VCCS including contact and contactless chip cards that compatible with EMV standards will help banks implement new issueing system effectively by inheriting their current EMV card issuance and acceptance infrastructure. The migration also allows banks to apply dual interface cards (supporting contact and contactless interface) upon the first stage, eliminating one step of migration from magstripe cards to contactless cards as the lesson learnt for other countries.

At the conference, MK Smart’s experts had introduced to banks and financial institutions details of additional value in its comprehensive solution packages conformity to VCCS standards. MK Smart provides new technologies related to chip card production with design options, such as printed serial number, image on chip module surface, diversifying color of chip module to increase brand recognition and aestheticism of the cards. Along with this, MK Smart also provide automated card testing solutions to exclude card errors after manufacturing and personalization.

With years of experience working with international card organization including Visa, MasterCard, JCB, UPI and NAPAS, MK Smart’s expert have recommended card issuers to choose dual interface technology to ensure quick, seamless and fraud prevention.

Also in the two conferences held in Hanoi and HCMC, one of the technologies introduced by MK Smart and NEXT Biometrics and highly interested by attendees was biometric payment technology with finger print authentication.With absolute security and high durability, ease of use, this solution promises to be one of mega trends in the future global payment.

In addition to biometric solution, Infineon also proposed and demonstrated advanced and fashionable wearable payment solution. Those solutions will provide more options for banks in Vietnam in implementation of their payment methods to bring utilities to consumers and catch up with global payment trends.

To conclude, Mr. Nguyen Trong Khang – Chairman of MK Group committed to support banks and financial institutions in Vietnam to cary out the migration as well as remove pressures on technoloy, infrastructure, experience in card issuance implementation if MK Smart was selected.

“EMV 3D SECURE – A Stepped-up Approach to Payment Authentication” Conference

According to MasterCard, card not present transactions (CNP) today account for 22% of transaction volume but make up59% of fraud. Meanwhile, transactions tend to migrate into online payment channels.

Launched in 1999, transaction authentication via 3D Secure 1.0 protocol (3DS 1.0) has become familiar to global payment card users in their process of online transactions at merchants. However, after a long time of use, the 3DS 1.0 protocol has revealed weaknesses  that need improvement to meet the increasingly demanding user experience.

In response to the limitations of 3DS 1.0 authentication, also to catch up with the global financial trend, EMV 3DS version (as known as 3D Secure 2.0) was built by EMV Co with the target of balancing the convenience and security at the highest level for issuers and merchants.  Moreover, EMV 3DS solution offers a wide range of improvements that meet and enhance the security for users.

With the desire to help card issuers and merchants approach and have deeper understanding about EMV 3DS version, MK Group has collaborated with 2P2C,the Thailand- based and leading expert in  payment services in southeast Asia to organize the “EMV 3D SECURE –  A Stepped-up Approach to Payment Authentication” conference as following schedule:

Hanoi: Tuesday, March 5th2019 at Melia Hotel, 44 Ly Thuong Kiet Str., Tran Hung Dao Dist.

HCMC: Wednesday,March 6th, 2019 at Majestic Hotel, #1 Dong Khoi, Dist 1.

We expect that, with the knowledge obtained from the Conference, financial card issuers and merchants will have addition methods to enhance current security features and prevent fraud, along with improving customer experiences and keeping up with global trend of adopting 3D Secure technology.

“Financial instant issuance – How to revitalize your card program” workshop

On October 23rd 2018, the workshop namely “Instant card issuance – How to revitalize your card programs” was successfully co-organized by MK Group and Entrust Datacard at Majestic Hotel, Ho Chi Minh City, Vietnam.

Currently, one of the major concerns of various financial institutions is the emergence of new payment methods such as QR code, electronic wallet, online payment methods, etc. This has made a considerable impact on the loyalty of consumers with the payment cards. Although the need for bank cards remains, customers are taking on new payment methods quickly.

Facing this challenge, an important question posed to financial institutions is whether banks’ traditional card issuance practices help them to achieve their goals of “Engaging customers – Driving sales” anymore? Is it the high time for banks to switch to instant card issuance right after the customer’s need for a card arises? This can help to shorten the lead time and cross-sell financial products or actualize the co-branded card program between banks and businesses in just a matter of minutes. In addition, one of the challenges is the lack of practical implementation experiences and the role of suppliers in consulting, system integration, maintenance and technical support activities during the implementation phase.

In response to customer concerns, Entrust Datacard and MK Group team have figured out the key issues that issuers have to face up with. They include the selection of solution provider, compliance with security regulations, budget optimization and related maintenance services (*), in addition to the best practices with the aim of increasing the activation rate of payment cards, building loyalty amongst customers as well as “Revitalizing financial card program”.

At the event, visitors also had chance to experience the demonstration of CardWizard solution – the instant financial issuance software and Datacard® CE875 – the desktop card issuance system in order to have a better understanding about the flexibility, speed, and feasibility of the instant card issuance solution.

With the broaden knowledge and more than 40 years of experience in card issuance field, Entrust Datacard has co-operated with MK Group to provide a comprehensive card issuance solution, which suits different financial institutions, business models and card issuance methods. With the instant card issuance solution, retaining existed customers and attracting potential customers becomes a viable way for financial institutions to build loyalty and drive sustainable development.

(*) Kindly refer “5 questions to consider about financial instant issuance” by Alyssa Arredondo – Marketing Director of Entrust Datacard to have a better understanding about the solution.


MK Americas
2445 NE Division Street,
Suite 200
Bend, OR.97701


MK Smart Asia Pacific Pte. Ltd.
100 Tras Street, #16-01
The Amara Corporate Tower


Sales Office in Hanoi
11th - 12th Flr., TTC Tower, Duy Tan Str., Cau Giay Dist., Hanoi, Vietnam
Tel: (84-24) 6266 2703 | (84-24) 6275 0240
Fax: (84-24) 6266 2705 | (84-24) 6275 0239

Sales Office in Ho Chi Minh City
7th Flr., Thien Son Building, No.5 Nguyen Gia Thieu Str., Ward 6, District 3, HCMC
Tel: (84-28) 3930 5023 | Fax: (82-28) 3930 5065


Quang Minh IZ, Me Linh
Tel: (84-24) 3813 4646 | Fax: (84-24) 3813 4648

Ho Chi Minh City:
I3-3, N2 Street, Saigon Hi-Tech Park, District 9
Tel: (84-28) 3736 1446 | Fax: (84-28) 3736 1447