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.


NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced the company is joining with MK Group to launch an R&D program for biometric smart cards for banking and other applications. The program will integrate NEXT’s large-area fingerprint sensors into MK Group’s next generation smart card products. Vietnam-based MK Group is the leading provider of smart cards and digital security solutions for financial, telecommunication and retail enterprises in Vietnam and one of the largest in South East Asia.

“As the industry moves toward biometric solutions for card-based transactions, companies like MK Group are leading the way toward accelerating this trend,” said Alain Faburel, NEXT chief sales and marketing officer. “We’re very pleased to have our technology considered for MK Group’s future product lineup. This is yet another strong affirmation of the core advantages NEXT is bringing to the smart card segment with our large-area, flexible sensors.”

MK group intends to include biometric solutions in its future products and has selected NEXT’s One Touch Flex CT-150 sensors for use in trials to evaluate contact-based biometric smart card technology. The NEXT One Touch Flex CT-150 is a flexible, large-area sensor designed specifically for biometric smart cards.

“As a leader in smart card technology, incorporating the security and convenience of biometrics in our products is a natural next step forward for MK Group,” said Nguyen Trong Khang, Chairman and CEO, MK Group. “We look forward to working with NEXT Biometrics on this project to share the benefits of advanced fingerprint sensor technology with our customers.”

NEXT technical and sales teams are currently working closely with MK Group on the biometric smart card project, which is expected to begin in the near future. Today’s announcement marks an additional advance in the pace of smart card deployment following recent news from NEXT regarding availability of a biometric smart card reference design that allows for expedited development of smart card products.

About MK Group:
MK Group Joint Stock Company (MK Group) is a Vietnam based company that specializes in wide ranges of digital secure authentication solutions and smart card products. These include: Smart payments; identification and exchange data; digitized identification; transaction and communication; and secure data for identity, transactions and communication. MK Group has 19 years’ experience in serving finance – banking, governments, enterprises, transportation and telecom and ceaselessly invests in order to improve the quality of products and services. The company works closely with customers, partners and other stakeholders to successfully transform their businesses in the fast-changing world of technology.

About NEXT Biometrics:
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

– Source: www.nextbiometrics.com –

MK Group participated in ASOCIO Smart City Summit 2018

The event organized by the People’s Committee of Hà Nội, the Asian-Oceanian Computing Industry Organization (ASOCIO) and the Việt Nam Software and IT Services (Vinasa).

During the summit, delegates shared visions, strategies and experiences of smart urban building and collect opinions from managers and IT experts on smart urban management, planning and development based on new technologies such as the Internet of Things (IoT), Big Data, Artificial Intelligence and Augmented Reality (AR).

At the conference, MK Group had the booth with the aim of displaying and introducing solutions to help create smart cities in an effective and practical way.

Among solutions proposed by MK Group at the seminar, eTicket solution is of high interest for its especially effective applicability in public transportation, i.e. buses, trains, high-speed rails, automatic/smart parking. As a member of the two largest public transport card standard organizations, the CAPLYPSO standards of Calypso Networks Association and CIRPUSE standards of Open Alliance for Public Transportation (OSPT) Alliance, MK Group solutions can easily integrate electronic ticketing standards developed by various contractors for public transportation systems in Vietnam.

Besides, security authentication solution, card issuance and smartcard applications such as prepaid card payment, event ticket management solutions were also introduced at the conference.

The conference brought together over 600 delegates, who are leaders of central-level offices, Hanoi and other localities keen on building smart cities, associations, organizations and IT-related enterprises, together with nearly 70 foreign delegates from 20 nations and economies around the world.

Ha Noi, Da Nang City, HCM City and Can Tho City will be chosen to be the core of smart city networks in the northern, central, southern and Mekong Delta regions, respectively. Ha Noi is home to nearly eight million people, with an average density of more than 2,279 people per sq.km, even 42,000 people per sq.km in some districts.

The budget for implementing the program was lifted to 3 trillion VNĐ (more than US$127.7 million) from 1.25 trillion VNĐ, creating a foundation for Ha Noi to promote socio-economic development and become a smart city.


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