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NXP Semiconductors
N.V.
, co-inventor of near-field communication (NFC), today
announced a collaboration with MasterCard to simplify the onboarding of
secure element-based devices by integrating NXP's Loader Service solution
into MasterCard's payment ecosystem. Through MasterCard's new program, which
aims to enable any IoT device to become a payment device, the companies are
revolutionizing how OEMs and banks deploy secure "pay" solutions to the
market.
By incorporating NXP's Loader Service solution into MasterCard's ecosystem,
device manufacturers can easily enable their customers to use their new
devices, such as activity trackers, mobile phones, smart watches, smart
jewellery, etc., for convenient and secure mobile payments. NXP's Loader
Service provides the scalability and flexibility necessary for running
highly secure services, which enables OEMs and Service Providers to easily
deploy "Pay" solutions by significantly simplifying the value chain of
deploying credentials to devices and lowering associated costs.
"With the mobile payment market evolving at an increasingly rapid pace, it
is vital OEMs are able to quickly adapt to changing demands and deploy new
technologies securely," said Jeff Miles, VP of Payments at NXP. "Through
support from companies like MasterCard, we've simplified the process of
deploying secure mobile services, such as payments, transit, or access
control, to create a true plug-and-play solution, drastically reducing the
time it takes for OEMs to bring products to market and providing consumers
with a complete, industry leading security solution."
As the market leader in secure transaction technology, NXP's Loader Service
provides the highest level of data protection and encryption to end users,
issuers, payment network operators and manufacturers. By loading an applet
into NXP's secure elements, the solution will work with NXP's full range of
secure mobile transactions products, such as PN66T, providing an EMV
certified solution deployable on a global scale and compatible with both
legacy and future payment infrastructure.
"MasterCard is working closely with NXP and OEMs to ensure that the payments
revolution gains momentum through turnkey solutions that make it easier than
ever to establish a secure platform to do business," said James Anderson,
Group Executive, Platform Management at MasterCard. "Bringing NXP's Loader
Service Solution into our ecosystems enables manufacturers to spend more
time focusing on the user experience and less time on supporting the
infrastructure and maintenance when adding secure transactions to their
devices."
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