Infineon Joins Datacard Validation Program to Accelerate Roll-out of EMV Compliant Smart Cards
Washington, D.C. – May 5, 2015 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), today announced its participation in the Entrust Datacard Card Validation Program (CVP). The program validates the full compatibility of Infineon smart card controller solutions with Datacard® personalization services, and allows card issuers such as financial institutions, retailers and service bureaus to accelerate the roll out of new cards supporting the migration to chip-based EMV payment solutions in the U.S.
It is crucial for card issuers to choose smart cards which are pre-validated to be compatible with their personalization systems. Entrust Datacard pre-validates cards to ensure this compatibility before mass production; avoiding potential costs from added test or problem resolution requirements in the EMV roll-out.
Infineon’s SLE 77 SOLID FLASH™ security microcontrollers with pre-loaded JavaOS & EMVCo applications for the US market utilize Entrust Datacard personalization solutions. The Infineon SOLID FLASH-based chips have achieved Common Criteria EAL5+ (high) for many years. More than 2 billion payment cards have been sold worldwide, helping to accelerate the roll out of financial card applications and facilitating EMV issuing. Since application loading and personalization can be completed up to 50 per cent faster than alternative technologies, the deployment of SOLID FLASH-based cards provides more flexibility and is growing at rate faster than the overall market.
Infineon offers contact and dual interface solutions with pre-embedded Java OS and a selection of the latest Visa and MasterCard applets for EMV payment applications.
“We are excited to be working with Infineon,” said Jeff Davison, vice president of global solutions and professional services for Entrust Datacard. “Given the complexity and secure design of smart cards – it’s imperative that card manufacturers and suppliers ensure that their cards are working with personalization systems on the market today and the CVP program provides that verification.”
Infineon SOLID FLASH products certified by the Entrust Datacard Card Validation program are available now to card manufacturers. Further information for both card manufacturers and issuing institutions is available here (http://www.datacard.com/card-
Infineon Technologies AG is a world leader in semiconductors. Infineon offers products and system solutions addressing three central challenges to modern society: energy efficiency, mobility and security. In the 2014 fiscal year (ending September 30), the company reported sales of Euro 4.3 billion with about 29,800 employees worldwide. In January 2015, Infineon acquired US-based International Rectifier Corporation, a leading provider of power management technology, with revenues of USD 1.1 billion (fiscal year 2014 endingJune 29) and approximately 4,200 employees.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com