NXP Semiconductors N.V. (NASDAQ:NXPI), today announced that Garmin
International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), has
chosen NXP’s PN80T embedded Secure Element (SE) and Near Field
Communications (NFC) solution for the recently launched vívoactive
3 and Forerunner 645 Music featuring contactless payment
capabilities. With NXP’s embedded Secure Element technology and
innovative Loader Service provisioning solution, Garmin is able to
easily and quickly deploy Garmin PayTM in their products without
compromising security.
NXP’s Loader Service solution simplifies the development and
integration of payment functionality while maintaining
significantly lower setup and maintenance costs. Users can simply
add their card information to the Garmin Pay wallet, powered by Fit
Pay, Inc. (NASDAQ:NXTD) which then syncs with their virtual wallet
in their watch. As a result, Garmin users benefit from a secure and
convenient payment experience while on the go.
“NXP is recognized as the preferred provider in the payment
ecosystem, known for our ability to deliver trusted security,
authentication, and end-to-end NFC solutions into many of the
world’s most high-profile applications,” said Rafael Sotomayor,
senior vice president and general manager of secure transactions
and identifications at NXP. “NXP’s PN80T SE and NFC solution enable
Garmin and others to quickly bring to market secure and convenient
payment experiences.”
Smart, sturdy and stylish, the vívoactive 3 smartwatch has
built-in GPS and comes with over 15 preloaded sports apps.
Featuring fitness and wellness monitoring tools like fitness age
and all-day stress tracking, the vívoactive 3 is the perfect
accessory for playing and paying. The new Forerunner 645 Music
features integrated music, performance monitoring tools and
advanced running dynamics to help athletes get the data they need.
Whether out for a run with friends, gearing up for race day or
stopping for a quick bite to eat, the Forerunner 645 Music is easy
to wear all day, every day. Garmin major Pay supports Mastercard
and Visa debit and credit cards from an increasingly expanding
portfolio of issuing banks. Having these cards in their Garmin Pay
wallet gives users the same rewards and benefits of the physical
cards, with the convenience of having them right on the wrist.
“In collaborating with NXP, we can better provide the ultimate
on-the-go lifestyle to our customers,” said Dan Bartel, Garmin vice
president of worldwide sales. “This technology, featured on the
vívoactive 3 and Forerunner 645 Music, enables customers to leave
their cash and credit cards at home and securely make purchases
where NFC payments are accepted.”
“We want to give our cardholders the choice and peace of mind to
make more secure digital payments from a variety of connected
devices through a tap or touch,” said Kiki Del Valle, senior vice
president, Commerce for Every Device, Mastercard. “By integrating
Mastercard token services with the NXP platform, we will create
EMV-like security for every transaction and bring in the simple,
speedy and secure payment experience that consumers have come to
expect from Mastercard.”
About the PN80T NFC Solution Leveraging its
many large volume deployments for mobile phone applications, NXP is
now leading the way in delivering mobile payment technology for
wearables. The company’s PN80T solution is the industry’s first
40nm SE and uniquely addresses the critical industry challenges of
size, power consumption, security, performance, and
ease-of-integration for the growing wearable device market. The
innovative chip solution combines best-in-class RF performance,
exceptional flexibility in NFC antenna design and state-of-the-art
Secure element performance, which results in fast transaction times
and field updates – consequently leading to better end-user
experiences. Included in the PN80T and the company’s PNXX family of
NFC modules, NXP’s Loader Service comes preconfigured on the
module’s secure element so that developers have immediate access to
the Loader Service. This provisioning solution allows any service
provider, small or large, local or global, to easily deploy secure
NFC applications.
For more information visit:
https://www.nxp.com/products/identification-and-security/nfc:MC_71110.
– End –
About NXP Semiconductors NXP Semiconductors
N.V. (NASDAQ:NXPI) enables secure connections and infrastructure
for a smarter world, advancing solutions that make lives easier,
better and safer. As the world leader in secure connectivity
solutions for embedded applications, NXP is driving innovation in
the secure connected vehice, end-to-end security & privacy and
smart connected solutions markets. Built on more than 60 years of
combined experience and expertise, the company has 30,000 employees
in more than 3l3 countries and posted revenue of $9.5 billion in
2016. Find out more at www.nxp.com.
NXP and the NXP logo are trademarks of NXP B.V. All other
product or service names are the property of their respective
owners. All rights reserved. © 2018 NXP B.V.
About Garmin International Inc.
The ever-expanding Garmin fitness segment develops technologies to
enhance and promote healthy and active lifestyles. Whether users
are runners, cyclists, swimmers, multi-sport athletes, or simply
looking to stay active throughout the day, there is a Garmin
product that can help them reach their health and fitness
goals. For decades, Garmin has pioneered new GPS navigation
and wireless devices and applications that are designed for people
who live an active lifestyle. Garmin serves five primary business
units, including automotive, aviation, fitness, marine, and outdoor
recreation. For more information, visit Garmin's virtual pressroom
at garmin.com/newsroom, contact the Media Relations department at
913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin, or youtube.com/garmin.
Garmin International, Inc., is a subsidiary of
Garmin Ltd. (Nasdaq:GRMN). Garmin Ltd. is incorporated in
Switzerland, and its principal subsidiaries are located in the
United States, Taiwan, and the United Kingdom. Garmin and
vívoactive are registered trademarks, and Garmin Pay, Garmin
Connect, and Connect IQ are trademarks of Garmin Ltd. or its
subsidiaries. All other brands, product names, company names,
trademarks and service marks are the properties of their respective
owners. All rights reserved.
|
For
more information, please contact: |
|
|
|
Americas |
Europe |
Greater China /
Asia |
Tate Tran |
Martijn van der
Linden |
Esther Chang |
Tel: +1
408-802-0602 |
Tel: +31 6
10914896 |
Tel: +886 2 8170
9990 |
Email:tate.tran@nxp.com |
Email:
martijn.van.der.linden@nxp.com |
Email:
esther.chang@nxp.com |
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/70347b71-cbdb-4b21-9c19-de79836c8926
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