Infineon Technologies is enhancing its SECORA Pay family with the new SECORA Pay M platform to address the rising digital fraud expected to spike 153% by 2030. SECORA Pay M is a pioneering, all-in-one payment and authentication solution that supports the latest EMV payment applications from Visa and Mastercard, along with multiple use cases like EMV payment, transport and ticketing, and FIDO 2.1 authentication for secure fast identity online transactions.
It promotes secure Tap to X contactless trawnsactions, supporting card digitization to mobile wallets and secure mobile banking logins.
The innovative features of the plug-and-play SECORA Pay solutions are expanded by the new SECORA Pay M platform to accommodate more use cases and FIDO (Fast Identity Online) authentication.
The Pioneering Platform SECORA Pay M Delivers:
- One-stop shop offering that integrates payment and authentication.
- Supports the latest EMV Payment apps for Visa and Mastercard.
- Users can access a variety of services from a single card platform with support for several use cases, such as EMV payment, Transport & Ticketing, and FIDO authentication.
- Additionally, SECORA Pay M enables the latest Tap to X contactless transactions that can enhance the security of e-commerce transactions, card digitization to mobile wallets or login to mobile banking.
SECORA Pay M is based on the Java Card 3.1 specification and supports the most recent EMV payment applications from Visa and Mastercard, VSDC2.8.1G1, VSDC2.9.2, and M/Chip Advance v1.2.3. in combination with Tap to X use-cases and Infineon’s integrated FIDO 2.1 application for secured authentication.
NFC Type 4 Tag application further boosts contactless capabilities, making SECORA Pay M a formidable alternative for next-generation payment and authentication solutions.
Leadership Comments
“We have dedicated ourselves to protecting online transactions from the increasing fraud,” said Tolgahan Yildiz, Head of the Trusted Mobile Connectivity and Transactions Product Line at Infineon. “With the new SECORA Pay M, we provide our customers with a solution that allows them to stay one step ahead of attackers while offering end customers simple and convenient authentication.”
FIDO Alliance is an open industry association that develops and promotes standards for simpler, stronger online authentication using physical or synced passkeys. Andrew Shikiar, CEO, FIDO Alliance, said: “Passwords have long been unfit for purpose, especially for important transactions like payments. The only way to eliminate widespread fraud is to replace phishable credentials with cryptographically secure and simple to use authentication. We are very pleased that Infineon shares this vision and is bringing solutions to market that help make payments and authentication simpler and more secure for all.”
Availability
SECORA Pay M will be exhibited at Infineon’s booth F-025 at TRUSTECH25.
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