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MasterCard and NXP Partner to Bring Payments to Any Device

EINDHOVEN, Netherlands, Oct. 26, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NXPI), co-inventor of near-field communication (NFC), today announced a collaboration with MasterCard to simplify the onboarding 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.

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, which enables OEMs and Service Providers to easily deploy “Pay” solutions by significantly simplifying the value chain of deploying credentials to devices and lowering associated costs.

“With the mobile payment market evolving at an increasingly rapid pace, it is vital OEMs are able to quickly adapt to changing demands and deploy new technologies securely,” said Jeff Miles, VP of Payments...