NXP and Giesecke & Devrient (G&D) announced the introduction of NXP’s new Fast Pay contactless security chip and a new line of G&D contactless payment devices based on this IC. Fast Pay-based devices have been designed to provide consumers in the U.S. and Canada with a contactless payment solution.
Fast Pay is ISO 14443 Type A certified and supports the latest MasterCard and Visa contactless payment specifications. Its DES hardware co-processor offers better security than pure software implementations. Fast Pay is supporting multiple form factors, including full CR80/ID-1 cards, fobs and stickers. The chips can be delivered in up to 250µm thick chip-packages, allowing extremely thin designs.