Combining convenience with security is the key to unlocking the next wave of NFC payments innovations, Sebastien Clamagirand, general manager of NXP’s payment and identification business, has told NFC World in an interview at the Trustech[1] show in Cannes.
The chip maker unveiled an array of next-generation payments solutions at the show, including a biometric payment card module, a face recognition-based payments demonstration, an open loop contactless card chip with a sub-200ms transaction time and a secure access module (SAM) that supports both short-range contactless and longer range RFID transactions.
“Our mission is to deliver convenient, secure and innovative solutions that leverage the leading role we play on all sides of the payments ecosystem — from contactless payment and transit cards to NFC phones and wearables, contactless readers, POS terminals and more,” Clamagirand explained.
“We will see both cards and mobile phones being used in the market for many years to come,” he said. “NXP will continue to innovate on all fronts, using our involvement in all aspects of the NFC ecosystem to deliver innovations that maximise interoperability, convenience and security.”
The company’s new P71D321[2] chip, for example, is the first to break the 200ms barrier for Mastercard M/Chip open loop payments, enabling faster transaction times at the retail point of sale and, crucially, fully meeting the speed requirements of major public transportation operators.
A new local face registration and recognition system[3] showcased NXP’s i.MX[4] edge compute capability. The demonstration increases security at the point of sale by tying the cardholder not just to their physical card but also to a stored template of their facial features.
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