Texas Instruments is to supply RFID chips for MasterCard's PayPass RFID cashless payment cards and tokens. The RFID chips are fully ISO/IEC 14443 compliant and offer the high security required for financial transactions. Key benefits are seen as faster transaction times than with either credit cards or cash plus greater customer convenience leading to increased sales for retailers.
American Express has also begun rollout of its ExpressPay RFID payment system which is also based on TI's ISO/IEC 1443 chips.
TI's new 13,56 MHz RFID chip is the latest in a series of solutions based on the company's ISO/IEC 14443 RFID technology platform. This platform features products with universally accepted and standardised security cryptography, using NIST-approved crypto algorithms, including Triple DES and SHA-1. The cards allow customers to pay simply by presenting their card or token to a reader - without having to swipe credit cards, sign payment slips or provide cash - allowing much faster and more convenient payment for goods and services.
The latest ISO/IEC 14443 standard supports significantly faster rates of data exchange (up to 848 Kbps), enabling more complex security and encryption between an RFID card and reader without affecting the user's experience. As an added feature, proximity read ranges are reduced to 4 cm, increasing the transaction security.
For more information contact Les Bidgood, Arrow Altech Distribution, +27 (0)11 923 9600, [email protected]
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