SCM Microsystems has won EMV Level 1 certification from Europay for its security reader products. Reaching the standard means that SCM can supply its smart card readers to financial, debit and credit card organizations worldwide.
Credit card companies and banks who employ smart card technology must be able to perform secure transactions. EMV Level 1 certification guarantees that smart cards and readers will work together to perform secure transactions, regardless of application or manufacturer.
“Achieving EMV certification is a significant boost for SCM to manufacture smart readers to the burgeoning financial applications market,” said Mladen Filipan, executive vice president of PC Security at SCM. worldwide.”
The certification has been endorsed by Europay, Visa and MasterCard, known collectively as EMV. Europay was the world’s first international payment card organization to use the computer chip as a replacement for the magnetic stripe.
The EMV infrastructure is based on a common set of technical specifications derived from standards set by the International Organization for Standardization for integrated circuit cards and related devices for the payment industry. EMV is working to ensure that all chip cards will operate all chip-reading terminals, regardless of location, financial institution or manufacturer.
SCM Microsystems is a supplier of solutions that enable people to access secure digital content and services. The company operates in four primary markets - digital tv, broadband access, pc security and digital media transfer. SCM’s advanced silicon solutions, hardware and software enable secure exchange of electronic information for applications such as eCommerce and broadband content delivery by providing controlled access points to platforms such as PCs, digital cameras, and digital television set-top boxes. Global headquarters are in Los Gatos, California, USA, with European headquarters in Pfaffenhofen, Germany.