A solution platform designed to accelerate the adoption and innovation of payment systems

NXP Semiconductors announced that it is expanding its support for the electronic payment market through the launch of its POS reading solution platform, SLN-POS-RDR.

This product enables customers to rapidly develop and launch secure contact and contactless payment systems. The electronic payment market is evolving rapidly with the introduction of new and innovative form factors, usage methods, and levels of integration for the latest payment equipment. As a result, everyone from market leaders and startups to new entrants—including those that previously did not offer payment services to retailers—is using safer and easier-to-use payment methods.

By providing a verified and certified POS reader solution platform, NXP enables developers to easily get started with development and focus on innovation that overcomes traditional barriers to entry.

Rudy Stroh, Senior Vice President of Security and Connectivity at NXP, stated, “NXP has collaborated with a diverse range of customers during the development of this POS reader solution platform and expects a wide range of products based on this secure payment solution to emerge. This platform opens up possibilities for various companies seeking to capture market opportunities and enables the emergence of new payment business models through unconventional payment form factors and innovative usage methods.”

This POS reading solution platform enables safe and convenient contactless payment functions to become commonplace. It can be used in a wide variety of ways, from TV remotes to set-top boxes for smart homes, and payment systems used in restaurants and smart retail environments.

This solution platform is the first to combine NXP’s industry-leading contact payment card reader chip (TDA035HN) with a high-performance NFC contactless front-end solution (PN5180) utilizing the Kinetis secure microcontroller (K81) and the existing NXP portfolio. This solution platform is PCI 4.1 certified as a PIN Entry Device (PED), and the contact and contactless stacks are scheduled to receive EMVCo pre-approval. To support the needs of more developers, this solution platform is pre-assembled and will undergo production-grade testing.

George Jiang, CTO and Vice President of ID TECH, said, “This POS reader solution clearly demonstrates NXP’s knowledge and passion for the POS market, a segment that requires a high level of security expertise in compliance with industry certifications and standards. By integrating hardware, software, and certification into such a convenient platform, we have significantly enhanced our confidence in NXP technology, allowing us to use more time for innovation and enter the market more quickly.”

As a result of tight integration, this solution simplifies customers' certification and development processes through the integration of PCI and EMVCo standards. Consequently, it enables savings of tens of thousands of dollars in development and certification costs, shortens time to market by several months, and reduces the risk of certification failure.