New fingerprint payment card program was released, trading time is shortened to 200ms

NXP Semiconductors NV (NASDAQ: NXPI) announced today at the MONEY 20/20 Summit two unveiled breakthrough innovations of significant significance, the summit is the largest financial technology innovation The show, which took place in Las Vegas, October 22-25, 2017. NXP demonstrated at the summit a new contactless fingerprint payment card solution and demonstrated a new global benchmark for the speed of payment card transactions.

Payment card on the fingerprint sensor

The Fingerprint Payment Card Solution provides payment organizations and banks with a secure, convenient and fast payment card solution for end-user payment that combines a dual-interface chip card with an integrated fingerprint sensor for faster Without requiring the end user to enter a PIN.

Rafael Sotomayor, NXP's senior vice president and general manager of Secure Transaction and Identity Services, said: "It offers consumers a safer, significantly easier and more convenient method of payment." Today's NFC-based mobile wallet offers mobile payments The payment card now also replicates this convenience, and it is also well suited for other forms and applications such as e-passports. This breakthrough technology will enhance NXP's ability to help our customers deliver to the marketplace in the area of ​​payment and secure identification Commitment to next generation applications and solutions. '

To reduce barriers to entry for card makers, NXP's secure fingerprint verification solution for payment cards does not require batteries and can be easily adapted to standard card fabrication equipment as part of a broader payment ecosystem. At the same time, fingerprint verification Payment card is fully compatible with the existing EMVCo cash register (POS) system.

New benchmark to achieve fast transaction speed

NXP's high-performance platform demonstrates a seamless and fast smart card transactional experience that enables consumers to complete M / Chip transactions in less than 200 milliseconds, surpassing industry requirements of 300 milliseconds. "Sotomayor said:" This performance increase is increased New features or higher encryption provides flexibility while still meeting current industry transaction requirements. Users will have a further increase in demand for faster payment transactions, and NXP is committed to delivering robust performance to meet these needs by allowing Contactless transactions have become faster and flawless. '

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