The future of payment is contactless
The continuing expansion of contactless infrastructure, the increasing adoption of dual-interface payment cards with contactless functionality and the growing availability of tokenization and card digitization services from Mastercard and Visa are paving the way for almost anything to be turned into a contactless payment device. Payment accessories such as simple key fobs, stickers and wristbands or innovative objects such as key fobs wristbands, watch straps, rings, basically function as a contactless card in a different form factor and give customers a convenient, fast and secure way to pay. All they need to look out for is a contactless symbol.
Payment accessories can be broken down into three basic components:
- A certified security chip (EMV chip) including an application from a payment brand (e.g. Visa, Mastercard)
- A (small) antenna with optional external capacitance and EMV-compliant contactless performance
- The payment accessory form factor and material
Infineon developed the Smart Payment Accessory (SPA) product series to give customers easy, fast access to the smart payment accessory business. It offers a standard delivery form based on ultra-thin and robust 35 mm film tape. Combined with the latest 65 nm chip technology, SPA supports the highest transaction speeds for contactless payment.
The antenna size of SPA modules is significantly smaller than that of standard ID1 cards but fully compliant with contactless payment requirements for new accessory form factors. Based on Infineon’s extensive semiconductor and module expertise as well as its profound understanding of the payment ecosystem and its requirements, SPA underlines Infineon’s technology leadership in this field.
Combining SPA delivery form with SECORA™ Pay W, Infineon’s ready-to-use payment solution for novel form factors, makes it easier than ever to turn any device into a payment accessory. These inlays can be supplied already pre-certified for payment networks such as Visa and Mastercard. Furthermore they can be personalized and punched out using module handlers available on the market.