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Users of public transport in Taiwan now
have a new range of secured iPASS-ready
wearables at hand: Infineon Technologies
AG (FSE: IFX / OTCQX: IFNNY), one of the
world’s largest suppliers of security chips,
provides its unique Boosted NFC secure
element solutions for wearables performing
secured transactions such as transport
ticketing and micropayment. In the recently
launched K.R.T. GIRLS themed wrist straps
and Garmin’s vivosmart HR fitness tracker,
the proven and certified solution enables outstandingly
reliable and fast contactless data transmission. Thus, they
will further increase consumers’ trust and acceptance of
secured mobile payment.
Wearers of the Garmin fitness trackers for example, will be
able to ride Taiwan’s Metro Rapid Transit, Taiwan Railways,
ferries, busses, taxis and public bike systems with a light
tap of their wrist bands on the iPASS card readers. They can
also pay at four major convenience store chains in Taiwan.
Among these are 7-11 and FamilyMart covering 13,000
locations around the island at many tourist sites, gas stations
and hospitals.
Boosted NFC SE – secures NFC payment in ultra-small devices
The transportation ticketing and micro payments
functionalities are made possible with
Infineon’s Boosted NFC secure element
solution. It offers:
Bank-level security – proven and reliable
security based on globally recognized
standards such as Common Criteria
EAL5+/6+ and EMVCo;
Scalability – a range of boosted NFC SE
products from 240 KB to 1 MB of embedded
memory, scalable for single or multiple
applications with over-the-air administration;
Small footprint with low power – requiring 80 per cent less
printed circuit board footprint and only 75% stand-by power
of conventional NFC solutions, both being crucial for smart
wearable devices.
Infineon provides the industry’s broadest portfolio of
financial-level security chips and solutions that perform as
crypto-engine and secured storage of sensitive data such
as keys, certificates or biometric information for electronic
payment transactions. Almost half of all chip-based payment
cards issued worldwide in 2015 use security solutions
from Infineon. To make cashless payment even easier and
more convenient for consumers, Infineon has optimized its
contactless technology for payment applications with even
the smallest smart wearables.
Infineon secures new smart wearables for Taiwanese iPASS
transport ticketing system
Intel and TPG to Collaborate to Establish McAfee as Leading
Independent Cybersecurity Company Valued at $4.2 Billion
Intel Corporation and TPG today announced
a definitive agreement under which the two
parties will establish a newly formed, jointly-
owned, independent cybersecurity company.
The new company will be called McAfee
following transaction close. TPG will own
51 percent of McAfee and Intel will own 49
percent in a transaction valuing the business
at approximately $4.2 billion. TPG is making
a $1.1 billion equity investment to help drive
growth and enhance focus as a standalone
business.
Through this transaction, TPG, a leading
global alternative asset firm with
demonstrated expertise in growing
profitable software companies and
carve-out investments, and Intel, a
global technology leader that powers the
cloud and billions of smart, connected
computing devices, will work together to
position McAfee as a strong independent
company with access to significant
financial, operational and technology
resources. With the new investment from
TPG and continued strategic backing of
Intel, the new entity is expected to
Chris Young, the new company's CEO
to be
10 l New-Tech Magazine Europe