NXP ICs Now Available for the Manufacture of All U.S. EMV Cards, Reinforcing NXP's Leadership in Payments and Contactless Technologies
EINDHOVEN, Netherlands, Jan. 29, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (Nasdaq:NXPI) today announced that its Integrated Circuit (IC) for secure card payments has been granted D-PAS certification by Discover Financial Services. The certification applies to implementation of EMV across Discover Network.
NXP's technology now supports all major payment network brands for the U.S. EMV migration and further strengthens its leadership in providing secure ICs to the payments industry. ABI Research recently named NXP as the number one supplier globally with nearly 50 per cent market share in units shipped in 2013 (Payment and Banking Card Contactless Technologies – Q3, 2014) or over 1 billion ICs. This followed a report by IHS which noted NXP had gained a significant lead over competitors in the production of ICs for credit and debit 'smart cards'.
"At NXP, we have made significant strides in making our products available in all geographies. This certification is another important step in that process," said Brintha Koether, payments director, NXP Semiconductors. "We understand the importance of pushing the boundaries of innovation and security to help payments companies ensure consumer data is always protected. The U.S. EMV migration is a significant step in that process of evolving payment security."
"As we continue to focus our efforts on EMV implementation, NXP technology will play a vital role in helping us accomplish our goals as one of Discover Network's newest test tools for acquirers," said Troy Bernard, head of advanced payments at Discover. "This relationship helps us to assure that our customers have an excellent payment experience at the point-of-sale as the switch to EMV terminals moves forward."
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.
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