New SECORA™ Pay brand: one-stop-offering for fast and easy production of payment cards and smart wearables
Munich, Germany and Cannes, France November, 29 2017 – EMV®-compliant payment solutions face growing demand worldwide – with a clear path towards contactless and multifunctional use to increase user convenience. Under the brand SECORA™ Pay, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) bundles state of the art contact and dual-interface EMV* security controllers with the latest EMV applets. Coming in various versions, SECORA Pay allows a flexible approach fitting to regional market requirements. Hence it significantly eases the adoption of EMV-compliant payment cards and emerging form factors such as smart wearables.
Meeting the needs of all stakeholders across the payment ecosystem
Smart card-based payment systems are facing an array of new opportunities such as contactless migration and multi-application along with increased demand for domestic payment schemes. With SECORA Pay, Infineon helps various stakeholders in the ecosystem to adapt to these market dynamics while meeting the evolving needs for security and convenience. Local and regional payment card manufacturers can get certified hardware-based EMV solutions from a single supplier. At the same time, card personalization providers benefit from a smooth industrialization by using solutions based on open standards which support EMVCo’s Card Personalization Specification.
“As the world-leading provider of security controllers for payment applications, we help the value chain to utilize the latest products and benefit from their speed and flexibility, independent from the form factor used,” said Bjoern Scharfen, Head of Infineon’s Payment & Wearables business. “SECORA Pay offers a safe, secure, efficient and streamlined migration path to the EMV standard.”
While SECORA Pay S is a ready-to-use solution for standard payment cards which follow the specifications of global schemes, SECORA Pay X provides a flexible platform to support multi-application and domestic payment schemes. In addition, SECORA Pay X also supports the CIPURSE™ open standard which enables the realization of interoperable and sustainable business models for transport ticketing and beyond.
SECORA Pay also excels with regard to technical features: Infineon’s security controllers provide outstanding contactless transaction speeds and superior performance for today’s single and multi-application projects. Furthermore, the innovative Coil on Module (CoM) chip package increases production efficiency and general robustness of dual interface cards. At the same time, the very small antenna design supports novel contactless payment factors for wearables such as e.g. smart watches with payment functionality.
Infineon launched the SECORA Pay brand this week at TRUSTECH 2017 (Cannes, France, 28-30 November). Further information is available at: www.infineon.com/trustech
*Dual interface solutions support both contactless as well as contact-based technologies. EMV is named after Europay, Mastercard and Visa and is a standard for international payment transactions.