Tongxin Micro Displays Innovative Achievements at Annual Meeting of China UnionPay Certified Enterprises: Keep Empowering Digital Transformation of Financial Industry
On November 18, the 2020 Annual Meeting of China UnionPay Certified Enterprises kicked off online, which was attended by industry elites from banks, card issuers, chip and solution providers. This online event was designed to discuss the development trends of the payment industry so as to create the ecosystem value. As a leader of the security chips, Tongxin Micro was invited to the meeting, presenting innovative applications including intelligent security chips and customized the conference, highlighting innovative applications such as intelligent safety chips and customized carrier tape solutions.
As information technologies such as IoT, 5G, and big data are maturing day by day and the payment business model is steadily evolving, it is inevitable for the shift from the traditional single payment services to diversified digital payment interfaces. Meanwhile, the security of payment information is getting increasingly important. How to prevent payment risks has become an inherent requirement to ensure the smooth operation of the financial economy and enable the rational development of the payment system. Being a leader in industry layout, Tongxin Micro has been committed to both the security and innovation to provide smart, secure and personalized fintech products.
Tongxin Micro’s chips lay solid foundation for industry development through enhanced security technologies
As one of the typical tech enterprises incubated by Tsinghua University, Tongxin Micro capitalizes on its inherent first-mover advantage to focus on how to ensure the secure operation of system transactions and transmission. It has developed high-performance security chip products and solutions led by THD89.
THD89 series support international and Chinese cryptographic algorithms and are compatible with multi-interface standards. In particular, THD89 series ensure security by adopting such protection measures as memory encryption, bus encryption disturbance, electrical environment monitoring, and fault prevention injection. Moreover, THD89 is the world’s first receiving the highest-level SOGIS CC EAL 6+ security certification, making it comparable to those state-of-the-art peers in the globe.
Based on the rich payment channels in the 5G era, Tongxin Micro will output security chip technologies to the world by taking the THD89 chips as the core and the payment platforms as the touch point: in the domestic market, this product has helped Tongxin Micro picked up by the big state-owned banks and reached deep cooperation with more than 10 joint-stock banks and dozens of local commercial banks; in the overseas markets, THD89 has been used by overseas banks for massive card issuance, leading Chinese financial IC card chips , the product has been issued in batches in overseas banks, leading domestic financial IC card chips to the international market.
Embrace Future with Sense of Innovation, Co-build New Ecosystem of Smart Services
As the main force to promote industrial innovation and practice inclusive finance, Tongxin Micro has developed a lot of value-added solutions by integrating cutting-edge technologies, helping traditional finance create more new commercial value.
Tongxin Micro provides the exclusive customized carrier tape solution in China, which can set colors according to customer's requirements and ensure long-term stability of colors. It can tailor the design solutions by allowing to add customized logos to the carrier tap, e.g., the logo of the card organizations, banks, co-brands and commemorative themes. Tongxin Micro provides one-stop service ranging from stripe design and production to module packaging and wafer. The company supports flexible procurement options to meet the different business needs of customers and help improve the overall brand image and market competitiveness of customers. In addition, Tongxin Micro is actively exploring the application of intelligent technologies in the payment business. As a result, it has developed new financial IC card solutions such as optical cards, fingerprint cards and visual cards. The company is further expanding its business areas vertically to enable the digital transformation of the traditional financial payment sector.
Focusing on the typical application scenarios of financial payment, Tongxin Micro pursues innovation on the security basis, meeting consumers’ needs for extreme experience through state-of-the-art products. Looking into the future, Tongxin Micro will continue to strengthen the product innovation and upgrade technologies for security chips on the basis of the market demands. By joining hands with partners, Tongxin Micro will strive to uncover a broader space for the future development of China’s financial payment industry.
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