NXP and Giesecke & Devrient (G&D) have launched NXP’s new Fast Pay contactless security chip and a new line of G&D contactless payment devices based on this IC. Fast Pay-based devices have been specifically designed to provide consumers with a convenient and swift contactless payment solution—replacing the need for cash and reducing transaction times.
Combining G&D’s strong position within the North American smart card market and NXP’s leadership in security and contactless semiconductor technology, the new chip will be widely used for contactless payment applications, such as in G&D’s Visa payWave and MasterCard PayPass cards. The EMVCo approved chip offers best in class contactless performance and its Data Encryption Standard (DES) hardware co-processor provides strong security and fast transaction times, all packaged within a small footprint.
Fast Pay is ISO 14443 Type A certified and supports the latest MasterCard and Visa contactless payment specifications. Its DES hardware co-processor offers substantially higher security than pure software implementations. Fast Pay is supporting multiple form factors, including full CR80/ID-1 cards, fobs and stickers. The chips can be delivered in up to 250µm thick chip-packages, allowing extremely thin designs.
Giesecke & Devrient
NXP Semiconductors
