NXP introduces breakthrough innovation for payment cards

     NXP Semiconductors announced the launch of two significant breakthrough innovations, fingerprint sensors on payment cards, and fingerprint payment card solutions that provide payment organizations and banks with a secure, convenient, and fast payment card solution for end-consumer payment behavior. The solution combines a dual-interface chip card with an integrated fingerprint sensor to enable faster transactions without requiring the end user to enter a PIN code.

     RafaelSotomayor, senior vice president, general manager of Secure Transactions and Identity at NXP, said: "It offers consumers a way to pay that is both secure and significantly more convenient. Today's mobile wallets based on NFC technology provide convenience for mobile payments, and payment cards can now replicate this convenience. It is also well suited for other forms and applications, such as e-passports. This breakthrough technology will enhance NXP's commitment in payments and secure identity to help our customers bring next-generation applications and solutions to market." '

     To lower the barriers to entry for card manufacturers, NXP's secure fingerprint verification solution for payment cards does not require a battery and can be easily adapted to standard card manufacturing devices as part of a broader payment ecosystem. Payment cards with fingerprint verification are fully compatible with existing EMVCo POS systems.

     The new benchmark enables extremely fast transaction speeds, and NXP's high-performance platform delivers a seamless and fast smart card transaction experience, enabling consumers to complete M/Chip transactions in less than 200 milliseconds, exceeding the industry requirement of 300 milliseconds. Sotomayor said, "This increase in performance provides the flexibility to add new features or higher crypto countermeasures while still meeting current industry transaction requirements." The demand for faster payment transaction speeds will continue to increase, and NXP is committed to delivering robust performance to meet these demands, making contactless transactions even faster and more flawless."