A secure memory card includes a microprocessor on a single semiconductor chip and one or more non-volatile addressable memory chips. The microprocessor chip and non-volatile memory chips connect in common to an internal card bus for transmitting address, data and control information to such non-volatile memory chips. The microprocessor includes an addressable non-volatile memory for storing information including a number of key values, application specific configuration information and program instruction information. Each chip's memory is organized into a number of blocks or banks and each memory chip is constructed to include security control logic circuits. These circuits include a number of non-volatile and volatile memory devices which are loaded with key and configuration information under the control of the microprocessor only after the microprocessor has determined that the user has successfully performed a predetermined authentication procedure with a host computer. Thereafter, the user is allowed to read out information from blocks only as defined by the configuration information.