NXP’s SmartMX IC Excels at MasterCard® PayPass™ Approval
Contactless banking solution based on SmartMX developed by Austria Card delivers industry leading transaction performance – next generation SmartMX up to 35% faster
Eindhoven, Netherlands.– NXP Semiconductors, the independent semiconductor company founded by Philips, today announced that its contactless banking chip, SmartMX P5CD012, embedded in Austria Card’s bank card with a half antenna, has received approval for MasterCard PayPass with the industry benchmark transaction speed of 385 milliseconds. This solution will enable card issuers and banking institutions to issue fast and secure payment cards for consumers to enjoy the best possible contactless payment experience, replacing cash and reducing queues.
To shorten payment processing time even further, NXP introduces its latest dual-interface SmartMX P5CD016 family, which processes contactless transactions up to 35 percent faster than comparable solutions on the market.
“Transaction speed is a critical success factor for contactless payment applications in order to enhance the cardholders’ convenience at time-critical and large volume points of sale,” said Toni Merschen, Group Head Chip at MasterCard Worldwide. “Hence we are very pleased with the outstanding performance of the MasterCard PayPass implementation provided by NXP and Austria Card.”
“NXP’s relentless focus on improving performance and security of our technology further supports the emergence of advanced contactless payment applications in all global regions. The result achieved in the MasterCard PayPass approval is strong recognition that NXPs banking products are leading the range of contactless payment chips today,” said Günter Schlatte, general manager, banking, NXP Semiconductors. “We are proud to introduce our next generation SmartMX that will further speed up contactless payment performance with stronger security ever, setting a new benchmark in the industry.”
NXP’s SmartMX IC family addresses the needs of advanced banking applications requiring enhanced security and flexibility, more data and faster transmission rates. The dual-interface EMV compliant chip provides EAL5+ level Common Criteria certification to ensure that payment cards accomplish the highest security requirements. The latest P5CD016 generation offers full compatibility with the previous SmartMX family (P5CD012), retaining the existing IC platform while adding a much faster CPU and optimizing the power consumption of the crypto processor FameX. This allows customers to leverage their existing designs easily on the latest SmartMX chip without the need for bigger adaptations on their operating system.
The payment markets show a growing demand for multi-applications cards, which can be used for EMV compliant contact or contactless payment and other applications such as public transport and event ticketing, ePurses or loyalty programs. Banking institutions increasingly require differentiated cards for different customers and target groups. The P5CD016 family provides one flexible platform for any portfolio of customized cards, required functionalities and form factors.
The new SmartMX is also the first smart card controller to feature Secure Fetch™ Technology, which significantly enhances the chip hardware security. This unique security technology from NXP offers increased protection against complex attack scenarios, including most advanced attacks with light and lasers, thereby greatly facilitating the development of highly secure software applications for customers.
Key features of NXP’s new SmartMX P5CD016
* EMV compliant dual-interface chip
* Low power smart card controller enabling 35% faster application execution in contactless operation
* Best in class computing power by doubling the CPU processing speed
* SecureFetch™ technology against fault attacks, including light attacks
* 16K, 40K and 80K EEPROM versions
* High speed Triple DES coprocessor (64-bit parallel)
* High speed AES coprocessor (128-bit parallel)
* PKI (RSA, ECC) co-processor FameX (4096 bits)
Engineering samples of NXP’s SmartMX P5CD016 are available now.
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