Infineon launches New payment platform for secured transactions
Infineon Technologies increases performance and security of contactless payment transactions. 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 platform benefits 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.
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.