NXP Enables NFC and Secure Online Payment for Customers
NXP Semiconductors has announced that the PN544PC, a derivative of the most widely adopted NFC radio controller (PN544), is being integrated into select new computing devices. It will work with Intel’s 4th Generation CoreTM platform and Intel Identity Protection Technology (Intel® IPT) to provide a basis for secure and convenient e-commerce transactions.
Now online shoppers can use MasterPass, the digital service from MasterCard, to pay by simply tapping their MasterCard contactless card or NFC-enabled mobile phone against the built-in NFC reader and securely complete the transaction with positive identity authentication via Intel® IPT.
Forecasts from eMarketer predict that online shoppers in the U.S. will spend a staggering $262 billion in 2013, which represents an impressive 16.4% year-on-year growth. Of the $262 billion over 16%, or $41.68 billion, will come from mobile commerce — purchases made on a smartphone or tablet.