MK Smart Joint Stock Company is granted NAPAS certificate to personalize domestic chip cards in accodrance to VCCS standards

Hanoi – MK Smart Joint Stock Company (MK Smart) – a member of MK Group on November 5, 2019 was granted a NAPAS ‘s certificate to confirm the company’s eligibility to manufacture and personalize VCCS domestic chip cards (Vietnam Chip Card Standard).

Earlier, on May 21, 2019 MK Smart officially became the first and sole Vietnamese enterprise to obtain NAPAS certificate for manufacturing VCCS (Vietnam Chip Card Standard) dual-interface chip card .The name of “Chip Lotus” was inspired by the image of lotus flower – which is the national flower of Vietnam, in order to honor the VCCS domestic chip cards the first time ever issued in Vietnam.

As the #1 expert in the field of smart card manufacturing of Vietnam and owns 2 smart card factories, MK Smart is the only company in Vietnam to be granted certificates from international card organizations for manufacturing and personalizing financial cards including Visa, Mastercard, JCB, UPI and VCCS. Since 2016, MK Smart has been a member of the Steering Committee for the Formation of Domestic Payment Card Standard – VCCS and has made practical contribution to the process of building and testing the domestic standards.

In order to obtain the certificate for manufacturing chip card products, Lotus chip of MK Smart must meet the domestic payment card technical standards. Its functions and applications are strictly tested by NAPAS and the security was tested by international security labs. It has undergone also plenty of EMV standard stringent tests.

In order to obtain the certificate for VCCS card personalization, MK Smart’s factories must undergo through many inspections and surveys executed by NAPAS,’s experts ensuring strict adherence and secure the process of receiving clients’s data to card delivery. The process must be monitored by modern IT infrastructure, continous control by skilled professional technicians to ensure the efficiency and absolute security.

Moreover, in addition to banking card products, MK Smart also provides a comprehensive smart card ecosystem for VCCS chip cards with value-added applications such as payments, public transportation, non-stop toll collection, public service fees, intergrated on-chip security authentication solutions as well as other public utilities.

Mr. Nguyen Trong Khang – Chairman of MK Group said the suceess of MK Smart in archieving certificate of manufacturing and personalizing VCCS chip cards is once again a clear proof on the leading position of the company in the card industry in Vietnam and the region, especially in the field of financial and banking cards. MK is committed to support organizations and banks in Vietnam to successfully carry out the VCCS chip card migration before the end of 2021 in accordance with the requirements of the State Bank of Vietnam, as well as to relieve the pressure of technology and infrastructure based on its capacity & experiences in implementing card inssuance programs in the past 20 years.

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.


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