NXP, Mastercard and Visa Transform Mobile Payments for Billions of IoT Devices
June 07 2018 - 2:00AM
NXP Semiconductors N.V. (NASDAQ:NXPI) in collaboration with
Mastercard (NYSE:MA), and Visa today announced the launch of its
new mWallet 2GO, a white label wallet service developed on the NXP
Secure Service 2GO Platform. With the new service, NXP is first in
the industry to offer the full scope of mobile wallet development
in one solution including leading hardware technology, surrounding
software and ecosystem integration. The payment solution is
designed to ease development, reduce cost, and accelerate
time-to-market for OEMs (Original Equipment Manufacturers) to add
mobile payment capability to any wearable, mobile or IoT
(Internet-of-Things) device.
Montblanc, the German manufacturer of luxury writing
instruments, watches, jewelry and leather goods, is the first
company to launch its own mobile wallet solution based on mWallet
2GO for its new TWIN smart strap.
“Montblanc’s heritage of sophistication and craftsmanship
remains true with the introduction of the TWIN smart strap,” said
Dr. Felix Obschonka, Director for New Technologies at Montblanc.
“In this new stylish, smart strap, we’ve combined high-end
materials with the most advanced technologies on the market to
bring our customers easy, secure payment capabilities for their
beloved watches – so they can delight in fashion and convenience
while at the same time don't miss out on digital use
cases.”
“mWallet 2GO extends our market-leading silicon offering to a
truly full service and system solution for mobile payment.
Following the announcement of MIFARE 2GO, this once again proves
how NXP is at the forefront of transforming whole ecosystems,” said
Rafael Sotomayor, senior vice president of secure transactions and
identification solutions at NXP. “The company’s success in mobile
payment implementations around the world validates NXP’s position
to pave the way for new exciting secure payment devices to
market.”
This first true end-to-end solution integrates NXP’s advanced
technologies including Near Field Communications (NFC), Secure
Element (SE), NFC middleware, SE JavaCard operating system, SE
applets, SEMS (Secure Element Management Service), wallet
application and software developer kit (SDK), wallet server and
MDES (Mastercard Digital Enablement Service) and VTS (Visa Token
Service) tokenization platforms, to offer OEMs a pre-certified and
validated turnkey solution.
“We are very pleased to have NXP as our latest partner in the
space of connected consumer devices, which will result in simpler,
more secure and convenient ways to pay for every shopper, while
enabling issuing banks to further differentiate their product
offerings,” said Paolo Battiston, Executive Vice President, Digital
Payments and Labs for Europe at Mastercard. “Mastercard teamed up
with NXP to provide a simple and better way to ensure security with
the NXP Loader Service, and we anticipate a similar traction with
mWallet 2GO.”
“As commerce expands from PC’s, smartphones and tablets to
connected endpoints of all shapes and sizes, having both the
partner network and the right technology in place are fundamental
to delivering great experiences,” said Matt Dill, senior vice
president, global products and solutions, Visa Inc. “Through the
work NXP is doing, consumers will ultimately have even more ways to
pay that are fast, secure and convenient to their daily lives.”
NXP’s Secure Service 2GO Platform is the
breeding ground for multiple secure services to grow. Launched in
February 2018, MIFARE 2GO manages digitized MIFARE-based transit
credentials onto IoT devices. Being available for commutes with Las
Vegas Monorail and fully integrated in Google Pay, the secure
service is exposed to over two billion active Android users. These
first service releases, mWallet 2GO and MIFARE 2GO, demonstrate the
company’s commitment to think beyond silicon solutions, moving to
fully integrated services and platforms as a business model. The
end-to-end solutions connect service providers with IoT OEMs,
allowing them to quickly innovative products that deliver the best
in cloud-to-node security and scalability.
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 vehicle, end-to-end security & privacy and
smart connected solutions markets. Built on more than 60 years of
combined experience and expertise, the company has over 30,000
employees in more than 30 countries and posted revenue of $9.26
billion in 2017. 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.
For more information, please
contact:
Americas |
Europe |
Greater China /
Asia |
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Tate Tran |
Martijn van der
Linden |
Esther Chang |
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Tel: +1
408-802-0602 |
Tel: +31 6
10914896 |
Tel: +886 2 8170
9990 |
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Email: tate.tran@nxp.com |
Email:
martijn.van.der.linden@nxp.com |
Email:
esther.chang@nxp.com |
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A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/28fb1ae2-51f3-4af3-be48-87ea18e40ade
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