System-On-Card

 

 

Meeting today’s payment challenges

With the rising acceptance of smart and contactless payments, there is a growing popularity for ‘system-on-cards’ (e.g. with integrated biometric authentication functionality), as well as IoT payments that focus on wearable payment accessories. This growth of digital payments also requires enhanced security through encryption and tokenization for cards and additional form factors.

The trends are heightening the need for security and performance, especially in a multi-application context. As popular payment methods extend beyond cash and smart cards towards contactless and mobile form factors, hardware-based security mechanisms featuring embedded Secure Elements (eSE) will become increasingly important. These Secure Elements will protect the huge data streams flowing from digital and IoT transactions, safe- guard payment transactions, and protect the identity and integrity of end users.

In this new and complex multi-channel environment, hardware-based IoT security capabilities have to be built into each application layer to ensure that users do not have to worry about fraud or theft of their identity.

Companies engaging within these smart payment eco-systems must ensure the necessary contactless performance in terms of card robustness, flexibility and endurance, while mastering the full ecosystem spanning IC’s, inlays, packages, approved payment applets and personalization. they must also deliver hardware-based security capabilities to protect payment data in complex multi-channel environments as well as supporting multiple international and national standards – both proprietary and open.

Payments are going digital – with today’s users expecting a fast, convenient and often contactless experience with the option of using different form factors. In fact, contactless payment cards and “tap and go” transactions using cards, wearables or mobile devices are increasingly replacing cash and contact-based transactions. By 2023, ABI expects that approximately 70 percent of all payment transactions will rely on contactless technologies such as NFC (Near Field Communication). 

The contactless mandates issued by VISA, MasterCard and American Express at the start of 2018 reflect their commitment to expanding the infrastructure support- ing contactless and dual-interface payments. This means that more and more consumers will be able to simply and securely tap and pay. 

At the same time, the overwhelming success of contactless cards is driving demand for wearable payments. Gartner forecasts that wearable form factors are set to rise dramatically in popularity, with global sales projected to grow from around 310 million devices in 2017 to over 500 million by 2021. Many experts have earmarked payment as the “killer app” for wearables. According to a MasterCard press release, over 175 million Europeans are interested in paying with wearable devices. This press release states that almost one quarter of all Europeans expect to start using “tap and go” contactless wearables such as smart watches, bracelets and key rings for everyday expenses. 

Working with Infineon Technologies

The Silicon Trust works closely with Infineon Technologies, the leader in digital and payment security, who offers the market’s broadest portfolio of payment solutions. infineon’s end-to-end offering extends from optimized online-only and DDA (Dynamic Data Authentication) contact devices to high-speed contactless controllers based on SOLID FLASH™ for very fast time-to-market, flexible memory scalability and superior contactless performance. Customers increasingly rely on their pre-certified SECORA™ Pay EMV solutions incorporating the latest payment applets for fast time-to-market thanks to pre-certified solutions requiring only paper approvals for card or device manufacturers. 

Objectives

The Silicon Trust program focuses primarily on:

  • Educating and developing relationships with key government decision makers about technical possibilities of ID systems and solutions
  • Development and implementation of marketing material and educational events, workshops and lobbying meetings
  • Bringing together leading players from the public and private sectors with industry and government decision makers
  • Identifying the latest ID projects, new business developments and technical trends in new market areas

Content Dissemination:
The Silicon Trust sponsors The VAULT, a bi-annual print publication. It contributes both articles and adverts to push the message of the Silicon Trust and it’s partners. The VAULT is distributed at key trade shows and conferences as well as at Silicon Trust events. The Silicon Trust also published technical white papers and application reviews.

The Silicon Trust also produces, films and directs a variety of management interviews and products demonstrations for release through online platforms such as the silicontrust.org site, YouTube and partner sites.

The Silicon Trust also embraces a variety of social networking platforms to enhance resonance of partner messaging as well as views expressed by the Silicon Trust on a variety of hardware based secure solutions.

Media Partners
The Silicon Trust also works with a variety of media partners and conference organisers around the world to ensure that partners of the Silicon Trust get the best deals and best exposure possible.

Workshops:
Focused on attracting key system integrators from the security industry and government representatives, the Silicon Trust organized workshops, for example in London, Rome, Bucharest and Brussels, to discuss important topics for smart card-based projects within the ID market.

Benefits of Membership in the Silicon Trust

Visibility backed by credibility – active participation puts your company in  the forefront of leaders in the industry and government through trade and  business media contacts, meetings, conferences and the media’s interest in  the Silicon Trust organization and events. Be featured and get involved in  the Silicon Trust blog, silicontrust.org, and help create the organization’s voice. Use the  organization’s magazine – the VAULT– to get your company’s message across.  Use the Silicon Trust ghostwriting, video production, social media and  publishing expertise to transport your message to the relevant marketplaces.

Networking:
Establish valuable contacts that can help your organization improve and grow, using the Silicon Trust’s meetings to maximize business opportunities.

Content:
In order to push your company’s message, content production is a must. The Silicon Trust is set up to help you create relevant content: Video and audio production, management interviews, tradeshow coverage and article ghostwriting by the industry’s most acknowledged journalists.

Social Media:
Be part of the online social scene: Visibility on Twitter and in the blogsphere is an effective tool to educate interested parties about your companies offering and news. The Silicon Trust is set up to disseminate news via the various online and social media channels.

Influence on policy makers, media, analysts and other players:
as an organization the Silicon Trust provides a unified, credible voice that no single member can achieve alone. The program also allows access to decision makers, European politicians and media influencers.

Advance knowledge:
Getting information from a variety of sources and acting on it before many “outsiders” even know it is happening.

Make research and its implementation more cost effective:
Sharing work with other members reduces the time and cost needed to evaluate new business models, plan complex implementation details, develop best practices and resolve industry issues.

Business and industry outreach:
Promoting the effective level of silicon-based security in many sectors is good for members’ businesses, and helps lower costs and increase vendor choices for users of silicon-based security systems.

 

RESOURCES

CONTACT

For more information, please contact the following Silicon Trust personnel;

  • Steve Atkins, Program Director (steve.atkins(at)silicontrust.org)
  • Yvonne Runge, Partner Director (yvonne.runge(at)silicontrust .org)