Product category: Communications ICs (Wireless)
News Release from: Inside Contactless | Subject: MicroPass L4-2G
Edited by the Electronicstalk Editorial Team on 25 January 2007
Contactless chip cuts
power for payments
Inside Contactless has announced MicroPass L4-2G, the next generation release of the industry-leading intelligent hardware platform for contactless bank card payments
Inside Contactless, a leading provider of advanced, open standard contactless chip technologies, has announced MicroPass L4-2G, the next generation release of the industry-leading intelligent hardware platform for contactless bank card payments. With more than 12 million units sold since launch, MicroPass' innovative intelligent hardware design provides optimum read distance, and requires minimal power consumption for contactless bank card payment applications.
Related stories
Contactless platform is approved by MasterCard
Inside Contactless has obtained MasterCard PayPass CAST (Chip Assessment Security Testing) compliance for the MicroPass L4-2G intelligent hardware platform
Alliance takes contactless platform stateside
Inside Contactless has signed a distribution alliance with Illinois-based Perfect Plastic Printing (PPP) to provide MicroPass-enabled contactless bank cards for the US market
The new MicroPass L4-2G platform provides multi-payment brand support, which simplifies operations and logistics for card manufacturers who service multiple issuers, many with multiple payment brand requirements.
The new MicroPass L4-2G also features a new open software development environment that makes it easier for card manufacturers, integrators and other third parties to develop and deploy EEPROM resident applications and data files with the core payment applications of MicroPass.
Software development tools, a technical support environment, and a developers program will be phased in through 2007 to simplify and streamline the development and deployment of value-added applications on contactless bank cards which are powered by MicroPass.
Further reading
Multimedia software keeps mobile users quiet
Bluetooth chip runs software that addresses the specific user problem of speaking too loudly on mobile phones when in close proximity to other people
Inside has been committed to continual innovation in improving core hardware performance within MicroPass.
The MicroPass L4-2G draws on the core hardware advantages of the base L4 hardware with improvements in: speed - payment transaction times of less than 100ms; power consumption - less than half the power of general-purpose chips; and performance - cardholders will experience a fast, successful payment transaction.
'MicroPass has become the dominant and preferred platform in the US contactless payment card industry because it supports major payment brand requirements, and it delivers the industry's best combination of performance, reliability, and cost-effectiveness', said Charles Walton, Executive Vice President of Payments for Inside Contactless.
'The new L4-2G release in our MicroPass product suite of intelligent hardware platforms has been brought to market to deliver greater flexibility and open application development support to our card manufacturer partners, while broadly supporting multi-payment brand requirements'.
'We look forward to providing continued excellence in delivery to our card manufacturer partners and their issuer and service bureau customers throughout the coming year'.
Multiple card issuers have deployed MicroPass-powered cards to cardholders who are using them at national merchants where contactless payments are accepted, including: 7-Eleven, McDonalds, CVS Pharmacy, Ritz Camera, Walgreen's, Arby's, along with other regional retail outlets.
• Inside Contactless: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• NEW
• Electronicstalk Home Page
Related Business News
Taiwan Shares Climb 0.9 Percent
Taiwan shares rose on Thursday as investors were cheered by U.S. stock gains overnight. The Weighted Price Index of the Taiwan Stock Exchange rose 49.39 points, or 0.9 percent, to close at 8061.28.
Acxiom Agrees to Be Acquired by...
...Silver Lake and ValueAct Capital for $3.0 Billion. Acxiom Corporation announced today that it has entered into a definitive agreement to be acquired by Silver Lake, the leading investment firm focused on large-scale investments in technology-driven growth industries, and ValueAct
Opnext Reports Fourth Quarter and Full Year Operating Results
Opnext, Inc. , a global leader in the design and manufacturing of optical modules and components, today announced preliminary and unaudited financial results for the fourth quarter and full year ended March 31, 2007.
Vista Partners Updates Coverage on TXP...
...Corporation; Maintains $0.80 Price Target. Vista Partners announced today that it has update coverage on TXP Corporation . Vista Partners provides equity research to institutional and individual investors, with a focus on publicly traded small capitalization companies.
Ceasefire in Gaza Strip begins to...
...take hold ahead of Abbas visit. Gaza City, Gaza Strip (AP) - A tenuous ceasefire between rival Fatah and Hamas forces appeared to be holding Thursday, and shellshocked residents emerged from their homes to stock up on food and supplies after four days of intense fighting brought the ci