TMCnet News
Netherlands : NXP Simplifies Point of Sale Design with Complete Reference Kits [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) NXP Semiconductors N.V. today introduced EMVCo (Europay, MasterCard and Visa) compliant hardware and software design kits for contact and contactless payment systems, significantly reducing the technological barriers-to-entry typically seen with new point of sale (POS) terminals. Each variant of the design kit (OM5597/RD2612 and OM5597/RD2663) is offered with an EMV Level 1 compliant software stack for both contact and contactless payment. The OM5597/RD2612 implements an antenna amplifier to optimize RF performance and also includes NXP s near field communication (NFC) front-end device (PN512) to allow designers to explore the potential for NFC-based payment applications. The OM5597/RD2663 uses NXP s CLRC663 high performance NFC reader solution and achieves EMV Level 1 RF compliance without needing an additional booster. According to ABI Research, POS terminal shipments reached 13.8 million units in 2013 and are expected to increase to 15.6 million units in 2016. Despite heavy adoption in many countries there are still some very large and mature payment markets that have not yet fully migrated to EMV or contactless technology, such as the USA and China. Being able to support a faster design cycle for POS terminal designers increases competiveness in these developing markets and ultimately reduces the time it takes to replace legacy payment terminals. Shipments of mobile point of sale (mPOS) terminals are expected to increase substantially in the coming years, reaching 51 million terminals by 2019*. With embedded NFC functionality the OM5597 designs kits can also be used as a tutorial for designers looking to enter the mPOS market. The key to a successful roll-out of secure contactless payments in the remaining markets depends on the speed at which businesses, large or small, can access the latest technology. Our new OM5597 design kits with EMV Level 1 certified software components will help designers that are not so familiar with payment technologies get a head start in their development cycle, said Rutger Vrijen, vice president and head of strategy, business unit identification, NXP Semiconductors. The inclusion of NFC in the design kits will bring greater flexibility to terminals by offering, for example, peer-to-peer data exchange, loyalty tracking or targeted marketing. It also opens opportunities in new markets or application areas such as consumer electronics, home appliances, automotive and computing. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |