NXP unveils breakthrough tech for payment cards

NXP Semiconductors N.V. (NASDAQ:NXPI) today debuted two significant technology breakthroughs at the largest fintech innovation event, Money 20/20, October 22-25, 2017, in Las Vegas. The company will showcase its new contactless fingerprint-on-card solution while also demonstrating a new world benchmark for payment card transactions speeds.

Fingerprint sensors on payment cards

The fingerprint-on-card solution gives payment network operators and banks a secure, convenient and fast payment card option to consumers. Coupling dual interface cards with an integrated fingerprint sensor enables faster transactions without the need for end-users to enter a PIN number.

“The result provides a secure and dramatically more convenient way for consumers to make payments. The convenience provided by mobile payment in today’s NFC-based mobile wallets can now be replicated with cards. It is also ideal for use in other form factors and applications such as electronic passports,” said Rafael Sotomayor, senior vice president and general manager of secure transactions and identification business. “The breakthrough reinforces NXP’s commitment to the payment and secure identification space by helping our customers deliver next-generation applications and solutions to the market.”

To ensure a lower barrier of entry for card makers, the company’s secure fingerprint authentication solution on cards does not require a battery and easily fits into standard card maker equipment as part of the broader payment ecosystem. Cards with fingerprint authentication are fully compliant with existing EMVCo point-of-sales (POS) systems.

New Benchmark for Blazing Transaction Speeds

Demonstrating seamless, fast, and smart card transaction experiences, the NXP high-performance platform makes it possible to achieve M/Chip transactions speeds of <200 ms, surpassing the industry requirement of 300 ms.

“This increased level of performance offers flexibility to add new features or higher crypto countermeasures and still meet current industry transaction requirement,” said Sotomayor. “The requirement for faster payment transaction will continue, and NXP is committed to providing the performance to meet these needs and make contactless transactions faster and flawless.”

NXP Demonstrations at Money 20/20 Las Vegas 2017

NXP will demonstrate these technology breakthroughs at its exclusive reception on October 24, 2017, in The Venetian.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

NEW PRODUCTS

Radiant Vision Systems announces new automated visual inspection system
11/06/2017Radiant Vision Systems, a provider of high-resolution imaging solutions for automated visual analysis of devices and surfaces, an...
SEMI-GAS Xturion Blixer enables on-site blending of forming gas mixtures
10/03/2017The Blixer provides a cost-effective alternative to purchasing expensive pre-mixed gas cylinders by enabling operators to blend ...
Automated thickness measurement system speeds production
09/20/2017ACU-THIK is an automated thickness measurement tool incorporating dual contact probes for high accuracy inspection of semiconductor wafers....