A contactless payment key fob smaller than the keys on the keychain and a thin oval-shaped wristband are just two of the payment possibilities enabled by Texas Instruments. TI has incorporated’s ISO/IEC 14443 contactless payment chip and antenna packages.
The release of the industry’s small payment products, fully MasterCard PayPass certified, brings new versatility and convenience to the contactless payments industry, as issuing banks explore a range of form factors, from traditional cards to fobs and wristbands.
TI has delivered its postage stamp-sized inlay in PVC pre-laminate form to Oberthur Card Systems for development of its VersaFOB keyfob, and its oval-shaped payment product to MasterCard for its PayPass wristband.
TI’s secure microcontroller-based contactless PVC pre-laminates contain its ISO/ IEC 14443 chip, payment application and the industry’s smallest fully-certified RF (Radio Frequency) antennas. The postage stamp-sized inlay antenna measures 20 mm x 25 mm and the oval-shaped inlay antenna is 41 mm x 20 mm.
TI’s chip operates at low power using a tiny RF antenna to deliver a fast transaction speed (typically 120 milliseconds) and a four centimeter read range, which enables a successful transaction the first time a customer taps the fob to the payment reader. The chip and payment application software are also approved by MasterCard to operate in dynamic CVC3 transaction authorization mode which offers issuers the highest level of security available.
The company designs its contactless PVC pre-laminates in a range of innovative keyfob and wristband form factors, so that card manufacturers can offer payment devices to issuers in a variety of shapes and sizes. TI’s contactless payment technology supports credit, debit and pre-paid transactions.
According to Oberthur Card Systems of America, TI’s ability to create such a small antenna to fit its unique VersaFOB concept allows it to produce MasterCard PayPass certified contactless payment fobs that can be personalized and mass-produced using standard processes, lowering costs for its banking clients, while offering them a unique product.
Mobile/Wireless, MasterCard Worldwide feels that TI has delivered leaf-shaped PVC pre-laminate with an embedded chip and antenna that is a perfect fit for our PayPass wristbands and at sporting events, for example, consumers with PayPass-enabled wristbands can enjoy faster service for concessions so they can quickly get back to watching the game.
According to TI, the ways to pay via contactless come in devices of limitless variety, shape and size. TI’s ability to develop RF antennas about the size of a quarter, combined with fast PayPass-certified chip and software, leads the way for new small form factors.
In February 2006, TI announced the availability of the first in its line of MasterCard PayPass-certified payment solutions, an ISO/IEC 14443 PVC pre-laminate card for card manufacturers delivering credit and debit cards for MasterCard issuing banks.