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Texas Instruments Shapes New Contactless Payment Forms with Market’s Smallest MasterCard(R) PayPass(TM) Certified Products

Texas Instruments Incorporated
2006-11-06 15:42 1247

Technology Enables Oval Wristband and Postage Stamp-Sized Fob

DALLAS, Nov. 6 /Xinhua-PRNewswire/ -- A contactless payment key fob

smaller than the keys on your keychain and a thin oval-shaped wristband are

just two of the payment possibilities enabled by Texas Instruments (TI)

Incorporated’s (NYSE: TXN) ISO/IEC 14443 contactless payment chip and

antenna packages. The release of the industry’s smallest payment products,

fully MasterCard PayPass certified, brings new versatility and convenience to

the contactless payments industry, as issuing banks explore a range of form

factors, from traditional cards to fobs and wristbands.

TI has delivered its postage stamp-sized inlay in PVC pre-laminate form

to Oberthur Card Systems for development of its VersaFOB keyfob, and its oval-

shaped payment product to MasterCard for its PayPass wristband.

TI’s secure microcontroller-based contactless PVC pre-laminates contain

its ISO/ IEC 14443 chip, payment application and the industry’s smallest

fully-certified RF (Radio Frequency) antennas. The postage stamp-sized inlay

antenna measures 20 mm x 25 mm and the oval-shaped inlay antenna is 41 mm x

20 mm. TI’s chip operates at extremely low power using a tiny RF antenna to

deliver a fast transaction speed (typically 120 milliseconds) and a four

centimeter read range, which enables a successful transaction the first time

a customer “taps” the fob to the payment reader. The chip and payment

application software are also approved by MasterCard to operate in dynamic

CVC3 transaction authorization mode which offers issuers the highest level of

security available.

The company designs its contactless PVC pre-laminates in a range of

innovative keyfob and wristband form factors, so that card manufacturers can

offer payment devices to issuers in a variety of shapes and sizes. TI’s

contactless payment technology supports credit, debit and pre-paid

transactions.

“TI’s ability to create such a small antenna to fit our unique VersaFOB

concept allows us to produce MasterCard PayPass certified contactless payment

fobs that can be personalized and mass-produced using standard processes,

lowering costs for our banking clients while offering them a unique

product,” said Francine Dubois, director of marketing, financial products &

services, Oberthur Card Systems of America.

“TI has delivered leaf-shaped PVC pre-laminate with an embedded chip and

antenna that is a perfect fit for our PayPass wristbands,” said Richard

Fletcher, Group Head, Mobile/Wireless, MasterCard Worldwide. “At sporting

events, for example, consumers with PayPass-enabled wristbands can enjoy

faster service for concessions so they can quickly get back to watching the

game.”

“The ways to pay via contactless come in devices of limitless variety,

shape and size,” said Trevor Pavey, manager of contactless payments, TI.

“Our ability to develop RF antennas about the size of a quarter, combined

with our fast PayPass-certified chip and software, leads the way for new

small form factors.”

In February 2006, TI announced the availability of the first in its line

of MasterCard PayPass-certified payment solutions, an ISO/IEC 14443 PVC pre-

laminate card for card manufacturers delivering credit and debit cards for

MasterCard issuing banks.

About Texas Instruments

Texas Instruments is the world’s largest integrated manufacturer of

radio frequency identification (RFID) transponders and reader systems.

Capitalizing on its competencies in high-volume semiconductor manufacturing

and microelectronics packaging, TI is a visionary leader and at the forefront

of establishing new markets and international standards for RFID

applications. For more information, contact TI-RFid(TM) Systems at 1-800-962-

RFID (7343) (North America) or +1 214-567-7343 (International), or visit the

Web site at http://www.ti-rfid.com .

Texas Instruments Incorporated provides innovative DSP and analog

technologies to meet our customers’ real world signal processing

requirements. In addition to Semiconductor, the company includes the

Educational & Productivity Solutions business. TI is headquartered in

Dallas, Texas, and has manufacturing, design or sales operations in more than

25 countries.

Texas Instruments is traded on the New York Stock Exchange under the

symbol TXN. More information is located on the World Wide Web at

http://www.ti.com .

Trademarks

TI-RFid is a trademark of Texas Instruments. All other trademarks and

registered trademarks are property of their respective owners.

Source: Texas Instruments Incorporated
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