Payments

Broadcom Seems to be Quite Inspired by NXP’s Initiatives in Payments

Broadcom is rumored to be working on a new microcontroller (MCU) for PCs and IoT products. The chipmaker wants to enable more devices to accept mobile payments. The company has extended its StrataGX portfolio with a new family of highly secure MCUs that delivers advanced security, unmatched performance, and integrated NFC for a variety of connected devices. The BCM58100 family is designed for mPOS terminals, personal computers, and other applications, including IoT products.

We are aware that a number of smartphones and smartwatches are being released that enable mobile payments—but what about the number of terminals that can accept these payments? Broadcom hopes to increase this number.

The BCM58100 offers the highest level of security to protect sensitive consumer data from threats at the physical and network layer, all while simplifying system design, reducing footprint, and lowering cost for original equipment manufacturers (OEMs). BroadSAFE architecture offers tamper protection and encryption as well as secure storage and processing of both card information and biometric user data such as fingerprint, iris, facial templates, and more to safeguard against attacks. The BCM58100 is compliant with Federal Information Processing Standard (FIPS) and also ensures that end products achieve stringent Payment Card Industry (PCI), Europay, MasterCard, and Visa (EMV) certifications for an added layer of security.

NXP Semiconductors itself is one of the leading players when it comes to NFC and contactless smart card solutions. The company provides mobile contactless solutions, combined with NFC, to enable secure and convenient purchases with a mobile device. NXP’s major clients related to the payments industry include Austria Card, Gemalto, Giesecke, Oberthur Technologies, SMARTRAC, Sony, and Samsung.

Recently Intel, the chipmaker giant, partnered with Ingenico Group to secure payment acceptance for the Internet of Things. The companies are jointly developing a mobile tablet that supports EMV and NFC payment functionalities, a standard required by banks to help prevent credit card fraud.

Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.

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