Research On Security Mechanisms Of Financial Smart Card System

Bank card is growing quickly though it just emerged from several decades of history. Since Franklin National Bank in United States California issued the first bank credit card in 1952, the banks have followed suit and entered the ranks of issuers. The Great Wall Card was officially launched by Bank of China in 1986. Subsequently, the Industrial and Commercial Bank of Peony Card, the Agricultural Bank of Jinsui Card, the Construct Bank of Dragon Card, etc., have emerged one after another. Bank cards are beginning to have the variety of credit card, debit card and other varieties of credit card.Basically, bank cards are with magnetic cards mainly. Because the offenses have grown in recent years against bank cards and the amount has greatly increased, the banks realized magnetic card itself technical defects. The launch has begun to make some chip bank cards. With the implementation of EMV migration strategic planning, the smart card will gradually replace magnetic cards and become the main carrier of bank cards.In this paper, we will involve in the conduct in-depth studies for the security mechanisms which are the Agricultural Bank of China's Tianjin Branch of Jinsui smart card systems projects. Financial smart card systems involved in a very broad range of security mechanisms, in addition to traditional banking accounts such as a security system scores accounting, Accounts balance, and the necessary management tools such as facility management, management of the blacklist, in the password management, cardholder management and process card transactions reflected the importance of the safety mechanism.In the key management, according to the Agricultural Bank of smart card systems for the development of Tianjin, Key design a flexible system to deal with the People's Bank of the system that is three-tier system after the second key center; for the structural design of the cards, according to industry application needs, design the structure of the document, and make full use of a card room The capacity of the different needs of different cards; in the cardholder management, beside completing the conventional management, we talked about the online cards put additional applications and the use of recycling cards and the key to life-cycle management for the full protection of investment, the maximum cost savings. For the important transactions in the security mechanism, this paper focuses on how to implement the relevant requirements of PBOC standards and the correct use the key in the transaction process.In short, this article on the financial aspects of the smart card system security conducted an in-depth study has yielded some results. It provides the implementation of the options for the establishment of the financial smart card security mechanisms.