Highlights
- NXP POS reader solution platform designed with complete PCI 4.1 and EMVCo pre-certifications
- Integrates hardware and software foundation for ease of development, customization and rapid market deployment
AUSTIN, Texas, May 17, 2016 (GLOBE NEWSWIRE) -- (NXP FTF Technology Forum) – NXP Semiconductors (NASDAQ:NXPI), today, expands
its support for the electronic payments market by introducing a point-of-sale (POS) reader solution platform, SLN-POS-RDR, to
enable customers to quickly develop and launch secure, contact and contactless payment systems into the market. The rapidly
evolving market of electronic payments introduces new, innovative form factors, use cases and integration levels for the latest
payment devices. As a result, more secure and easier to use payment techniques are coming from multiple sources – from market
leaders to start ups, as well as new entrants from companies that offer services to retailers but traditionally have not offered
payment services. By delivering a proven and certified POS reader solution platform, NXP enables designers to jump start their
development and focus on innovation beyond the classical barriers to entry.
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“We have worked with a broad base of customers during the development of the POS reader solution platform and expect to see a
wide range of end products based on this secure payment solution,” said Rudy Stroh, Executive Vice President of Security and
Connectivity at NXP. “It pushes the doors wide open to those looking to embrace market opportunities, where non-traditional payment
form factors and innovative use cases are allowing new business models for payments to emerge.”
From TV remote controls and set-to-boxes in connected services for the smart home, to tabletop payment systems in restaurants
and smart retail environments, the POS reader solution platform aspires to move secure, convenient contactless payment capabilities
and adoption from infancy to mass deployment.
The solution platform is the first to leverage and combine NXP’s market leading contact payment card reader silicon (TDA8035HN)
and a high-power NFC contactless frontend solution (PN5180) from the legacy NXP portfolios as well as a Kinetis secure microcontroller (K81). The
solution platform will be PCI 4.1 certified as a PIN Entry Device (PED) and the contact and contactless stacks will be EMVCo
pre-certified. And to further support developer needs, the solution platform will be pre-assembled and production grade tested.
“The POS reader solution from NXP clearly shows their knowledge and commitment to the point of sale market, which is a segment
that requires a high level of security expertise aligned to industry certifications and standards,” said George Jiang, CTO and VP
at ID TECH. “By putting together the hardware, software and certifications in such a convenient platform, NXP has significantly
increased our confidence in their technology which allows us more time for innovation and quicker time to market.”
As a result of this tightly coupled integration, the solution simplifies the certification and development process for customers
by integrating PCI and EMVCo specifications and as a result, can help save them up to hundreds of thousands of dollars in
development and certification costs, while taking months off of their time to market and reduces their risk associated with failing
certification.
Availability
The Point of Sale (POS) Reader Solution is available now to lead customers, shipping to new customers in Q3. Ordering
information and further details of the payment solution platform, including complete hardware, software and technical documentation
can be found and requested at www.nxp.com/SLN-POS-RDR. For more information regarding additional reference designs and
solution platforms, visit www.nxp.com/NXPDesigns.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ:NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that
make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving
innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than
60 years of combined experience and expertise, the company has 45,000 employees in more than 35 countries and posted revenue of
$6.1 billion in 2015. Find out more at www.nxp.com.
NXP, Kinetis and the NXP logo are trademarks of NXP B.V. All other product or service names are the property of their respective
owners. All rights reserved. © 2016 NXP B.V.
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