NXP Semiconductors, co-inventor of near-field communication (NFC), today announced collaboration with MasterCard to simplify the on boarding of secure element-based devices by integrating NXP’s Loader Service solution into MasterCard’s payment ecosystem. Through MasterCard’s new program, which aims to enable any IoT device to become a payment device, the companies are revolutionizing how OEMs and banks deploy secure “pay” solutions to the market, said NXP.
According to NXP, by incorporating NXP’s Loader Service solution into MasterCard’s ecosystem, device manufacturers can easily enable their customers to use their new devices, such as activity trackers, mobile phones, smart watches, smart jewellery, etc., for convenient and secure mobile payments. NXP’s Loader Service provides the scalability and flexibility necessary for running highly secure services, simplifying the value chain of deploying credentials to devices and lowering associated costs, added NXP.
Jeff Miles, VP of Payments at NXP
Through support from companies like MasterCard, we’ve simplified the process of deploying secure mobile services, such as payments, transit, or access control, to create a true plug-and-play solution, drastically reducing the time it takes for OEMs to bring products to market and providing consumers with a complete, industry leading security solution.
James Anderson, Group Executive, Platform Management at MasterCard
Bringing NXP’s Loader Service Solution into our ecosystems enables manufacturers to spend more time focusing on the user experience and less time on supporting the infrastructure and maintenance when adding secure transactions to their devices.
