New Demonstrator Enables Faster Design Time for Mobile Payment Solutions
EINDHOVEN, Netherlands, Feb. 2, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (Nasdaq:NXPI), Creditcall and ViewAt Technology Co today announced the launch of a complete hardware and software reference demonstrator for secure near field communication (NFC) enabled mobile point of sale (mPoS) solutions. The demonstrator provides a universal solution for all payment technologies – covering both cards and mobile payments – and is pre-validated for international EMVCo and Payment Card Industry (PCI) standards. The demonstrator also conforms to the People's Bank of China (PBOC) specification for financial transactions, enabling secure transactions in small local retailers, for local service businesses or for delivery-based merchants, such as taxi drivers or food delivery services. The mPOS demonstrator provides a full payment terminal experience to small merchants resulting in shorter queues and reduced waiting time to pay. By equipping store staff with mPOS devices merchants will now also be able to create multiple points-of-payment in their stores maximizing the opportunity to sell.
The reference module offers NFC payment functionality in an mPOS system, enabling system designers to incorporate the technology into future payment terminals, devices and infrastructures. According to ABI research, the installed base of mobile point-of-sale systems will grow from 1.4 million units in 2012 to around 51 million units in 2019. Recent market developments indicate that the use of NFC technology for secure payments will further increase as NFC payment card functionality becomes increasingly integrated in mobile devices.
"As mobile payments become ubiquitous we will start to see new markets and applications flourish. New use-cases will be created and the simplicity of mobile payments will become part of our everyday lives. Our new module helps designers that are not yet familiar with mobile payment technologies get a head start in their development cycle and push the boundaries of innovation," said Paul Hubmer, general manager NFC reader solutions, NXP Semiconductors.
"We are pleased to be working with NXP to develop this new innovative mPOS reference demonstrator, as the evolution of the global payments industry continues to create a wealth of opportunities for consumers and business across the world," said Jeremy Gumbley, CTO, Creditcall. "Creditcall develops EMV solutions that enable companies to future-proof their business with the ability to embrace new technologies and innovative products in a simple and secure way. The combination of tested hardware and Creditcall's proven track record of secure EMV kernel technology will ensure mobile payments stay within reach of all retailers."
The mPOS demonstrator incorporates all the necessary hardware and software modules needed to create a mobile point-of-sale. ViewAt Technology developed the hardware for the mPOS module which can be licensed as a white label mPOS device to end customers. The PCI certificate included with the demonstrator can be reused by customers thus simplifying the final certification process. Creditcall, a globally leading supplier of EMV payment terminal SW kernels, is providing its knowledge and expertise to support the EMVL2 contact and contactless kernels needed by customers for the mPOS module. The end customer will license the EMVL2 kernel directly from Creditcall. This comprehensive solution enables system integrators to bring NFC payment applications to market faster, saving over six months design time and simplifying the final certification process. The mPOS solution will be demonstrated on the NXP booth (14) at the Smart Card Alliance's 2015 Payments Summit, February 3-5, Park City, Utah.
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 $4.82 billion in 2013. Find out more at www.nxp.com.
Creditcall makes card acceptance simple from any device, anywhere. Whether attended, unattended, online or mobile payments, our award-winning EMV-ready payment gateway and EMV Migration solutions have been tried and tested for over 15 years and are at the very heart of our clients' businesses, ensuring payments flow – all day, every day. Founded in 1996, Creditcall is a global business with offices in North America and Europe.
To learn more, visit us at www.creditcall.com or engage with us on Twitter @Creditcall.
Creditcall – The Heart of Payments.
About ViewAt Technology
VIEWAT is a leading EFT POS and EMV PINPAD solutions provider in China. VIEWAT is focus on POS terminal, PINPAD designing solution, manufacture, development and consultancy services. Our POS and PINPAD are compliant with EMVLevel1 and L2, VISA PCI PED. VIEWAT also develops EMV L1 and L2 testing devices and testing platform. The basic rule of VIEWAT is to create the value together and share the value together.
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: For further press information, please contact: NXP Semiconductors Europe: Martijn van der Linden +31 6 10914896 email@example.com Greater China / Asia: Esther Chang +886 2 8170 9990 firstname.lastname@example.org Americas: Hillary Cain +1 408 518 5227 email@example.com Creditcall Ingrid Anusic +44 7968 600 419 Ingrid.firstname.lastname@example.org