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Infineon Technologies AG Unveils New Payment Platform for Secured and Ultra-fast Contactless Transactions - Infineon Technologies AG increases performance and security of contactless payment transactions - Infineon.com
Infineon Technologies AG Unveils New Payment Platform for Secured and Ultra-fast Contactless Transactions

 

PRZOOM - /newswire/ - Munich, Germany, 2015/11/16 - Infineon Technologies AG increases performance and security of contactless payment transactions - Infineon.com. FSE: IFX; OTCQX: IFNNY

   
 
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The new SLC 32P family of security controllers speeds up data handling by the factor of 15. It enables manufacturers of payment cards, wearables and proximity devices such as tokens to meet requirements mandated by MasterCard from January 2016 onwards. Faster data processing is key for contactless applications. It improves user experience and is a prerequisite for transport operators such as Transport for London (TfL) to accept payment cards in their contactless ticketing infrastructure.

With this technology leap Infineon underlines its leadership in payment solutions. Its new payment platformbenefits smart card and device manufacturers in many ways:

• It enables the development of payment cards that process EMV transactions well below the thresholds mandated by many payment schemes. EMV stands for Europay, MasterCard, and Visa who originally created a technical standard for payments with chip-based cards.MasterCard requires a card processing time below 300 ms for contactless products issued under their brand (Source: MasterCard Contactless Performance Requirement Application Note No. 7).The SLC 32P product family runs at 100 MHz and will hence process information three times faster than current solutions. Data handling can speed up by a factor of 15.
• Infineon’s SOLID FLASH™ technology combined with the new cell structure based on 65nm technology will speed up time to market of new products by more than 50 percent.
Besides increased speed, the new payment platform provides significant security advantages compared to solutions currently available in the market. The chip architecture is based on digital security technologies which are less vulnerable to attacks than analog, sensor-based technology. The new components provide internal encryption and comprehensive error detection and hence state-of-the-art protection of payment credentials.
• The SLC 32P payment platform addresses contact-based as well as contactless and dual interface payment applications and will gradually replace Infineon’s SLE 77 product family. Samples of the SLC 32P are available now. Certified products will be available in volume quantities from 2016 onwards. The new products are also taking advantage of Infineon’s innovative Coil On Module package solution which significantly simplifies production of Dual Interface cards.

Further information is available at: infineon.com/payment

Infineon will exhibit security solutions for smart cards and connected applications at Cartes Secure Connexions 2015, Paris, November 17-19, booth 3E 004 in Hall 3.

Information Number: INFCCS201511-009

 
 
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Agency / Source: Infineon Technologies AG

 
 

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Infineon Technologies AG Unveils New Payment Platform for Secured and Ultra-fast Contactless Transactions

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Infineon Technologies AG | SLC 32P Payment Platform
Contact: Karin Braeckle - Infineon.com 
+49 89 23423424 karin.braeckle[.]infineon.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infineon Technologies AG securities in any jurisdiction including any other companies listed or named in this release.

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