NXP Unveils Innovations for Payment Cards

NXP Semiconductors N.V will debut two technology breakthroughs at the largest fintech innovation event, Money 20/20, Oct. 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.
 
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 company noted.
 
“The convenience provided by mobile payment in today’s NFC-based mobile wallets can now be replicated with cards,” said Rafael Sotomayor, SVP and GM of secure transactions and identification business.
 
To ensure a lower barrier of entry for card makers, the company’s secure fingerprint authentication solution on cards does not require a battery.
 
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.