SECORA Pay W for Card Manufacturers and OEMs
Fast, secure, contactless payment available within 300ms

Smart wearable technology is being used in a wide range of applications, from business computing to healthcare monitoring. The potential of wearable payment devices, such as smartwatches, wristbands, keychains, and fitness trackers, is also evident in market research results.

According to a survey by ABI Research, the wearable device market is experiencing explosive growth, with the number of wearable devices worldwide expected to exceed 500 million by 2021. Of these, 20% are expected to combine payment, transportation, and access control applications.

In response, Infineon Technologies announced on the 12th that it provides EMV-based payment solutions for keychains, rings, wristbands, bracelets, etc.

The new SECORA Pay W solution for smart payment accessories (SPA) integrates a card operating system, payment applets, and antennas directly onto the tape of an EMV chip. This turnkey solution enables device manufacturers, financial institutions, and event planners to rapidly develop fashion accessories that can be used for payment and access control purposes.

Fintech company Wirecard and card company exceet Card have already launched a payment accessory based on the Infineon SECORA Pay W SPA solution together with German online bank comdirect. At the 2018 German beach volleyball tournament, spectators could make payments with wristbands.
The new SECORA Pay W for Smart Payment Accessories (SPA) is primarily intended for card manufacturers and OEMs. It features a unique antenna design based on Infineon's semiconductor and module expertise. Combining a deep understanding of the payment ecosystem with expertise in contactless and energy-efficient chip design, Infineon enables fast and secure contactless payments with transaction speeds of under 300ms.

Infineon’s SECORA Pay solution portfolio consists of SECORA Pay S for standard Visa and Mastercard payment cards, SECORA Pay X for extended functions such as multi-application, debit cards, white label, and access control, and SECORA Pay W for payment accessories. All SECORA turnkey solutions have been pre-certified by Mastercard and Visa and are set to accelerate contactless payments. These solutions are currently in mass production.

“Infineon is committed to making digital payments easier and safer,” said Bon Scharpen, Head of Payments and Wearables at Infineon. “Whether it is smart cards, mobile phones, or fashion accessories, contactless transactions are the trend, and Infineon’s SECORA Pay turnkey solution provides the answer to this change.”