Wahid Ahmed Choudhury The payment industry saw more innovations and changes in last few years compared to all other ones combined over the decade before that. Digital payment is quite a convincing way of tapping into the potential customer segment. With rise of the digital wallets, newer channels for issuance and
Tag: Kona SL
The Rise and Rise of Blockchain
Muhammad Nur Yanhaona, Ph.D Since the genesis of Bitcoin that ushered it, the blockchain technology has attracted widespread enthusiasm in the technology community for its revolutionary approach to decentralization of trust and security of information management. The blockchain technology has shown—for the first time—that it is possible to manage a
UL Brand Test Tool: A complete POS/ATM terminal validation tool
Kona Software Lab Ltd. (KONA SL) is working on the testing and certification of Chip Cards of different payment brands i.e. MasterCard, VISA etc. on the issuing side of financial institutions. There are around 100 members in the Bangladesh Office of Kona Software Lab Ltd. and they are working relentlessly to
Digital Security 101
The evolution and innovation of digital technology along with the rising trend of mobile devices in recent years back dropped the growing need of information security and dramatic change in data management pattern. Security is one of the predominant factors in all sectors of communication. The way we communicate regardless
‘e-KYC revolutionizes the way of onboarding the financial service takers’
Security in Fintech—Protecting the ecosystem to ensure economic excellence
Minaoar Hossain Tanzil Following global economic trend and prospect, our promising FinTech industry in Bangladesh is going through a major transformation. It is revolutionizing the delivery of financial services in more innovative ways as opposed to the traditional methods in practice. However, as fast as it is evolving to shape
In Pursuance of State of the Art Technologies to Enrich Life
Kona Software Lab Ltd is the 2nd largest R&D center and global business solution wings of KONA I. It manufactures smart card, develops various state-of-the-art payment and security solutions for global & local partners & clients. Kona Software Lab Ltd is relentlessly working to further improve its product and solutions. In
Insight into the Chip-based Payment Card and Terminal Certification—an integral part of the journey to Secured EMV
By Abdullah Al-Shamim Issuance of the very first bank card in Bangladesh dates to more than two decades ago. It was a magnetic stripe card. Despite its characteristic of having comparatively lower security, the magnetic stripe cards prevailed for a significant period. Then came chip cards along the path of evolution
Evolution of cards in Bangladesh market
PRICE JUMP OF BANKING CARDS
According to the latest gazette published on 30th May 2019, Tariff rate of Banking Cards have significantly been increased. There are three types of Banking Cards are prevailing in Bangladesh at this moment i.e. Magnetic Stripe Card, EMV Chip Card, Dual Interface Card. As per this latest gazette the tariff