NXP Launches New Secure Service Development Platform for Secure Mobile Transactions

EINDHOVEN, Netherlands, March 2, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (Nasdaq:NXPI) today announced the availability of its Secure Service Development Platform (SSDP) developed to facilitate the rapid introduction of applications that utilize NXP's NFC and embedded Secure Element (eSE) module, PN66T. The SSDP provides a turnkey approach for the loader service on the PN66T enabling a faster time-to-market for secure mobile applications. Secure NFC applications can now be realized quickly and easily, reducing design effort and resources while maintaining quality levels expected in a commercially available mobile or wearable device.

The SSDP is a set of hardware tools and software blocks that enable application developers to quickly start building apps that leverage the eSE in the PN66T. With the platform developers are able to test and validate their secure applications on a commercial phone. As well as providing real-world phone solutions, the development platform also contains example industry use-cases from companies such as Hyatt, 7Eleven and TransportKiosk. The SSDP can be used to create many different applications ranging from secure banking, transit, access control, authentication, automotive, and much more.

"The SSDP supports partners wanting to create new secure applications by removing the technical challenges they face in getting credentials on to the secure element in phones and wearable devices. Now, instead of taking months, new applications can be created and validated in a matter of weeks," said Jeff Miles, VP Business Development, NXP Semiconductors. "The SSDP will streamline the process for the development community therefore enabling phone and wearable technology manufacturers to bring these new apps to market faster."

Customer Quotes:

"NXP's SSDP makes the rock-solid trust of secure elements much easier for Sequent's Trusted Services products to manage and leverage in security-sensitive applications like payments, transit, access control, and identity. The SSDP complements Sequent's Open Wallet Platform, Digital Issuance, and Trust Authority products in dramatically reducing the complexity, time-to-market, and cost of enabling trusted services on connected, mobile devices," said Hans Reisgies, SVP of Market Development of Sequent.

As a leading operator of Secure Mobile Wallet Platforms, TORO unifies through the wallet access to all available security options to offer an mCommerce technical and business one-stop-shop for Banks, Retailers, Transit, ticketing, etc. "NXP's SSDP offers an access to the high level of security that some service providers need, and at the same time a much simplified user enrolment to new services. As the key focus of our platform is user adoption, we welcome this initiative as it supports our objective to reach all end-users and it improves the on-boarding of service providers to generate a much stronger user adoption," said Laurent Renard, CEO of TORO.

"MeaWallet is a leader in cloud based mobile solutions and has quickly developed a deep competence and understanding of the Secure Element through our work with the SSDP. Being able to validate our solutions on the development platform means that we can support our customers and partners in the enabling of next generation solutions for access, transit and ticketing, further expanding the use of smartphones instead of plastic cards," said Lars Sandtorv, CEO of MeaWallet.

"We are integrating our SP TSM with NXP's SSDP loader service to enable all service providers - like banks and mass transit companies operating on the Cardtek SP TSM platform - to easily deploy NFC-based services on devices with NXP's new chip set. This new platform will not only simplify the technology adaptation for vendors like us but also will increase the interoperability and compatibility with smart devices like smart phones, tablets and wearable gadgets," said Ali Salcı, EVP of Cardtek Group.

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 application areas Connected Car, Security, Portable & Wearable and Internet of Things. NXP has operations in more than 25 countries, and posted revenue of $5.65 billion in 2014. Find out more at 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: For further press information, please 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