Portland, Ore.-based Tyfone, a provider of a mobile financial services infrastructure, says it has completed the testing phase of its u4ia Secure Memory Card technology designed to secure contactless mobile payments.
The company also announced joint system testing with its manufacturing partner, NXP Semiconductors. Tyfone believes this could also accelerate the global rollout and adoption of mobile payments.
Tyfone’s u4ia SMC is a memory card-based mobile contactless payments solution with an integrated NFC chipset, controller and antenna. The technology operates in any secure digital memory card slot, in any form factor, i.e., micro, mini, regular.
Tyfone anticipates a number of partnerships, market trials and/or full deployments will result from these tests. Tyfone’s u4ia SMC works in hundreds of millions of phones worldwide and eliminates the requirement for carriers to invest in multiple related technologies, including SIM, single wire protocol and NFC handsets.
Tyfone is currently scheduling market trials around the world with mobile operators, financial institutions, and closed-loop fare management providers.