Global semiconductor STMicroelectronics has launched STPay, a secure chip that is compliant with the Europay, MasterCard and Visa (EMV) technology and can be embedded in chip-based credit and debit cards in the U.S..
According to STMicroelectronics' press statement, cards with STPay will be able to store and process data securely, and are tougher to replicate as compared to traditional magnetic stripe cards.
Based on secure integrated chip (IC) with advanced 90nm semiconductor technology, STPay features a complete set of certified payment applications for all major payment systems. Cardholders with cards that embed STPay will thus be able to make payments on their travels as acceptance of magnetic stripe cards diminishes worldwide.
Ditching magnetic stripe cards
In light of recent data breaches in the U.S., such as the Target and Neiman Marcus incidents, MasterCard and Visa are urging banks and card issuers to adopt EMV chip cards as those cards provide greater protection than magnetic stripe cards.
To help banks and card issuers transit to chip cards, STPay family products cover the whole range of payment cards targeted in the U.S., from contact cards (on-line or DDA) to high performance dual interface cards.
The contact credit and debit card solution includes VISA, MasterCard, Amex, and Discover on the same secure IC. This lowers costs for card producers and issuers, and simplifies the logistics and personalisation scripts needed to support multiple applications, according to STMicroelectronic.
The dual-interface card solution, on the other hand, utilises a high-performance ARM SecurCore SC00 32-bit secure core plus an industry-standard ISO14443A contactless interface to speed transactions at contactless or near field communication (NFC) enabled point of sales (POS) terminals. Additionally, the solution has up to 38Kbyte of installable Electrically Erasable Programmable read-Only Memory (EEPROM).
As products from the STPay family comply with Global Platform, Visa Open Platform (VOP), and Card Personalisation Specification (CPS), they can be issued using industry-standard personalisation systems.