By the end of 2014, financial IC cards issued in China have exceeded 1 billion. According to the promotional plan of financial IC card by China's Central Bank, all the payment cards for RMB settlement shall be issued with IC chips installed from 2015. Does the migration from magnetic strip to IC chip mean bank cards are absolutely secure? The answer is no. Security is a never-ending issue in this field. Only by understanding the latest security technology and developments can companies secure their products for the long run. In addition, a variety of new products related to financial payment are entering the market, like non-card payment products/card-not-present and mobile internet devices (e.g. smart home and wearables). So, how to assess their security? Do they need any security testing? How to test them? What kind of principles and standards shall we follow when testing? The conference to be held by SCA is based on issues mentioned above. It hopes to help financial payment and secure interaction companies which have high demand for security to understand the latest developments in security technologies, security certification standards, security testing and attack testing so as to protect their products and solutions. Besides the logic security of cards and payment products, the certification standard for the physical security of card production environment also changes every year. What are their latest trends? SCA will invite security experts from China and other countries to share the latest trends of international security standards and attack techniques. 

SCA has the distinct privilege to invite you to the "2015 Brainstorming Session on the Developments of the Smart Industry and SCA Annual Meeting" to be held in Shanghai ZTE Hotel on Jan. 30 at the beginning of the year. 

The last 20 years has seen the development of the smart card industry in China. All kinds of smart card products have come out one after another. However, the industry today is facing great challenges. A low technical threshold, fierce price competition, an overall rise in production costs and other factors have all caused a fast decline in profits for smart card manufactures. So at present, they are looking for better ways and strategies to lower their operation costs. We will invite experts in "Lean Manufacturing" to this salon to discuss whether smart card manufacturers can use lean manufacturing to lower costs and improve efficiency.We will also discuss future trends for smart card manufacturers, including: current challenges, possible changes, product expansion, production capacity building for new type cards, and collaboration throughout the industry. 

 

As the smart card industry matures, it is faced with quite a few challenges: a low technical threshold, lack of product differentiation, fierce price wars and rapidly falling profits. Due to this, smart card companies are looking for new opportunities for profit growth. Meanwhile, new products keep coming up in the smart wear and smart home markets. The capital market often hears exciting news about them. All market segments witness innovation in technology, business and products. New companies are entering this market to take their share of the pie. Not long before, Apple claimed on its Worldwide Developer Conference to open HealthKit and HomeKit, representing smart wearables and smart home, respectively. Apple’s involvement undoubtedly adds fuel to the two markets.