Date: 27/05/2011

NFC solutions from NXP semiconductor for Google Wallet

NXP Semiconductors N.V. says it is providing NFC technology supporting Google Wallet. NXP' partners in NFC include Google, Citibank, MasterCard, First Data, and Sprint, along with other market leaders. Using NFC tech consumers can simply wave their phones over intelligent surfaces to pay for goods, apply a discount coupon, or receive loyalty points. Google Wallet allows consumers to replace a multitude of physical cards typically carried in wallets with a NFC enabled phone delivering convenience, personal interactivity and security for many different types of transactions.

The NXP PN65 NFC mobile transaction solution incorporates the NFC radio controller, the embedded secure element and NFC software in a single device. The embedded secure element enables the payment part of Google Wallet, and uses advanced cryptography to offer security for mobile transactions.

"This latest move by Google is truly unleashing the full potential of NFC," said Ruediger Stroh, executive vice president and general manager, Identification Business, NXP Semiconductors. "NXP's NFC technology essentially converts smart phones into loyalty cards, single-tap location "check in" devices, concert tickets, coupon carriers, contactless payment devices, transit tickets, and secure keys to access cars, hotel rooms, buildings, and computers - the possibilities are endless. Our technology greatly enhances the mobile user experience from the secure NFC solutions embedded in smartphones and POS terminals, to the NFC tags embedded in smart posters. Our leadership in NFC is supported by our deep understanding of the market, our broad portfolio of patents; and our security, performance and best-in-class transaction times."