Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Renesas, On Track introduce microcontroller-based contactless payment solution for banks

Monday, October 13, 2008

Renesas Technology Corp., a Tokyo semiconductor system provider and New Jersey-based On Track Innovations, specializing in contactless microprocessor-based solutions, have developed a secure contactless microcontroller solution that will help credit card manufacturers provide a cost-effective system for U.S. banks.


The new secure payment solution has been certified by MasterCard PayPass and Visa and is available to U.S. banks and banks around the world which issue industry standard contactless cards. The solution was primarily developed to support the large volume orders expected in the U.S. contactless payments market.

Renesas supplies the contactless microcontroller based on its AE-series smart card controller technology and OTI provides the operating system and application and the contactless card and inlay technology. The combination of Renesas’ secured contactless AE41R microcontroller and OTI’s Hercules operating system bundled in OTI’s contactless products and technology will enable the development of a solution that meets the stringent security requirements of the payments industry while also supporting the speed and convenience that is essential for contactless transactions. [end] 

MasterCard’s PayPass contactless payment feature may soon be presented to the Azerbaijan market of cashless payments.

According to a recent MasterCard study, 75% of the local residents said they would like to use contactless payment cards in supermarkets and 60% to pay public transport fare. When asked which devices, in addition to a plastic card, it would be convenient to make payments, 86% of respondents said they would like to use their mobile phone.

read more »

Union National Bank (UNB), one of the United Arab Emrite’s banks, partnered with Gemalto to introduce the Optelio payment cards for its EMV migration. The bank is converting its entire portfolio of debit and credit cards to Dynamic Data Authentication smart cards.

read more »

BWG Foods, an Irish wholesaler and retail grocery franchise operator, is expected to roll out contactless technology in the majority of its 900 stores after a recent deal announced with Visa, according to The Irish Times.

read more »

First Data and Austria-based organic foods supermarket chain, denn’s Biomarkt have partnered to introduce contactless card acceptance at denn’s Biomarkt stores.

The organic supermarket selected First Data to renew its point-of-sale terminal infrastructure with the installation of contactless payment readers. Using contactless technology, customers are offered greater speed and convenience at the check-out.  

read more »

The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

read more »

C-SAM, a U.S.-based provider of secure mobile transactions technology, has announced a joint initiative with MasterCard to offer a white label mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa.

read more »