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2017 Big Success at CES, MWCBUREAU VERITAS ACQUIRES ICTK IN SOUTH KOREA AND ENTERS SMART PAYMENT MARKET

Neuilly-sur-Seine, France, December 5, 2017 

– Bureau Veritas has acquired ICTK Co., Ltd. (ICTK), one of the key global players in smart payment testing and certification services for mobile devices, payment cards and point of sale terminals.

Founded in 2001 and headquartered in the Gyeonggi-do province, South Korea, ICTK provides smart payment security testing and certification against EMVCo(1) and Visa requirements. The company serves international high-tech manufacturers, brands and financial service leaders. ICTK employs 20 people and generated around €3 million revenues in 2016.

ICTK expands Bureau Veritas’ capabilities in Smartworld and enables the Group to acquire EMVCo / VISA accreditations. It is a unique opportunity for Bureau Veritas to enter the smart payment market, a segment that continues to expand as consumer demand for contactless and mobile payment grows at a rapid pace. EMVCo / VISA accreditations also open up development prospects in China and the United States.

Bureau Veritas’ Chief Executive Officer Didier Michaud-Daniel commented:

“This is the third Smartworld acquisition in the last two years adding payment security capabilities to our portfolio, a fast growing segment especially in mobile payments which is experiencing high double digit growth. With Bureau Veritas’ leadership position in regulatory and performance testing and ICTK’s leadership position in payment security services, our clients will benefit from a complete solution for their products.”



To read more:

https://group.bureauveritas.com/bureau-veritas-acquires-ictk-south-korea-and-enters-smart-payment-market








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PUF Technology



What is PUF?

Unique Inborn ID 
(PUF, Physically Unclonable Functions)

•Silicon Inborn ID using the randomness of passive device generation in the semiconductor manufacturing process

• As a Physical ID created with physical characteristics, it is fundamentally impossible to falsify or duplicate the value

• Since each semiconductor chip generates a different unique ID, it is called a semiconductor fingerprint.

PUF Advantages

AS Via PUF provides unique Silicon Inborn ID characteristics,  It provides the Root of Trust (RoT), the source of all trust

•Via PUF guarantees stability that is impervious to 
various types of hacking attacks.

•Via PUF is a method of forming via holes between 
metal layers during semiconductor processing.

•As a passive device method, it is an innovative method
that solves all the problems of existing technologies.

•PUF that satisfies all randomness, homeostasis and 
security •Unlike other technologies, no error correction
circuit (ECC) is required.

What you can do with PUF

VIA PUF can be applied to various IoT devices and solutions  that require strong security.

•ICTK's security chip generates a key pair of a private key and a public key in the security chip using an algorithm called ECC based on the key generated by PUF.

•ICTK's PUF security chip provides encrypted RAM (Random Access Memory) and encrypted eFlash (flash memory) inside.

•ICTK's security chip can be operated in PQC (Post Quantum Cryptography), a quantum security algorithm.

ICTK's security chip is the most powerful existing method to provide the Root of Trust function based on PUF.

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