Infineon escorts new smart wearable devices for Taiwan's iPASS traffic ticketing system

Munich, Germany, September 13th, 2016 – Taipei, now, public transport passengers in Taiwan can use a range of new safe wearable devices that support the iPASS system. Infineon Technologies AG is one of the world's largest suppliers of security chips, providing its unique Boosted NFC secure component solution for these wearable devices that support secure transactions such as ticket purchases and micropayments. The KRT GIRLS theme bracelet and the German vivosmart HR fitness tracker released today have adopted this industry-proven proven solution for extremely reliable and fast contactless data transmission. As a result, they will further enhance consumer trust and acceptance of secure mobile payments.

For example, a German fitness tracker wearer can take a subway express, rail, ferry, bus and taxi, and rent a public bicycle in Taiwan by swiping the bracelet on the iPASS card reader. They can also easily shop at four large chain convenience stores in Taiwan. Including 7-11 and FamilyMart's 13,000 stores across the island, covering many tourist attractions, gas stations and hospitals.

NFC Secure Element Solutions

Boosted NFC SE - Secure NFC payments in extremely small devices

Transport ticketing and micropayments with Infineon's Boosted NFC Secure Element solution. It provides:

· Bank-level security – proven, reliable security based on globally accepted standards such as the common standards EAL5+/6+ and EMVCo;

· Flexible expansion - a range of enhanced NFC SE products with embedded memory capacities ranging from 240 KB to 1 MB, flexible expansion for single or multiple applications, and support for air management;

· Small form factor, low power consumption – board space is reduced by 80%, standby power is only 75% of conventional NFC solutions, both of which are critical for smart wearables.

Infineon offers the industry's broadest portfolio of financial-grade security chips and solutions that act as encryption engines and secure storage for sensitive data such as electronic payment transaction keys, certificates or biometric data.

Nearly half of all chip-based payment cards issued worldwide in 2015 use the security solutions provided by Infineon. To make it easier and more convenient for consumers to use non-cash payments, Infineon has optimized its contactless technology to enable payment applications on the smallest smart wearable devices.

For more information on Infineon's Boosted NFC Secure Component Solutions, please visit the official website.

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