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New NXP Module Creates a Paradigm Shift for Secure NFC Mobile Transactions

SAN JOSE, Calif., Nov. 3, 2014 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (Nasdaq:NXPI) today introduced the PN66T module: the most comprehensive solution for secure mobile transactions. The module combines a highly secure Smart MX2 element (P61), Near Field Communications (NFC) radio, operating system and trust provisioning. To accelerate the deployment and meet the increased demands around mobile transactions, PN66T features a loader service, which enables service providers to easily deliver new applications by significantly simplifying the value chain of deploying credentials to devices.

The PN66T module is designed for mobile devices like smartphones and wearables and enables converged deployment of a broad set of transaction related applications such as mobile payment, access control, transit, and authentication.

"As the global leader in security and identification and co-inventor of NFC technology, NXP is uniquely positioned to enable mobile transaction solutions that make life easier and private data more secure for consumers and enterprises alike," said Jeff Miles, VP Business Development Global Payment Solutions, NXP Semiconductors. "The PN66T solves previously existing bottlenecks to widespread mobile transaction adoption by enabling service providers to deliver a wide variety of secure element use cases with a single solution. Imagine a solution to secure mobile transactions where the secure element and NFC connectivity are seen as just another resource like GPS, WiFi, or Bluetooth. The PN66T is fulfilling this premise."

The PN66T module leverages NXP's broad leadership in security and NFC, and delivers an outstanding user experience. The NXP secure element, the only common criteria certified EAL6+ product for mobile applications, providing the highest level of data protection and encryption to end users, payment issuers, and smartphone manufacturers. The PN66T is EMVCo (Europay, MasterCard and Visa) certified, ensuring that secure payment services can be deployed on a global scale while guaranteeing interoperability with legacy and future payment infrastructures. Offered on PN66T is trust provisioning to facilitate secure injection of cryptographic keys, enabling service providers to easily deploy new secure mobile transaction applications.

Key Features of the PN66T Module

  • Support for full system integration and tuning in mobile OS's with proven certification
  • Hardware and software co-designed for optimized solution and benchmark performance
  • Fast time to market through integrated offering brings low risk
  • Flexible trust provisioning to facilitate multiple OEM, SP-TSM, and MNO service models
  • Complementary support for HCE to decrease financial burden on bank issuers
  • NXP provides a fully integrated and proven solution with validated end applications

Key Features of the P61 Secure Element and Java Card OS (JCOP 3.1)

  • P61 secure hardware microcontroller is the only Common Criteria EAL6+ security certified mobile product
  • SPI interface allows strong authentication on device
  • Applets: VISA Mobile Payment Application (VMPA), MCW Mobile MasterCard PayPass, American Express ExpressPay, PBOC, MIFARE4Mobile M4M2.1, FIDO

Key Features of NFC hardware and firmware

  • Reduce system integration cost through BoM optimization
  • Improve card emulation and reader/writer mode performance providing extended NFC range
  • Reduced antenna by 25% with further optimization possible by enabling a 5V driver (optional)
    Antenna size reduction reduced in card mode by more than a factor 3 allowing optimized design for wearable devices

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About NXP Semiconductors

NXP Semiconductors N.V. (Nasdaq:NXPI) creates solutions that enable secure connections for a smarter world. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the automotive, identification and mobile industries, and in application areas including wireless infrastructure, lighting, healthcare, industrial, consumer tech and computing. NXP has operations in more than 25 countries, and posted revenue of $4.82billion in 2013. Find out more at www.nxp.com.

Forward-looking Statements

This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations and market data, as well as other statements that are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in NXP's SEC filings. Copies of NXP's SEC filings are available from the SEC website, www.sec.gov.

CONTACT: NXP Semiconductors Europe: Martijn van der Linden +31 6 10914896 martijn.van.der.linden@nxp.com Greater China / Asia: Esther Chang +886 2 8170 9990 esther.chang@nxp.com Americas: Hillary Cain +1 408 518 5227 hillary.cain@nxp.com

Source:NXP Semiconductors