Contactless agreement
NXP, the independent semiconductor company founded by Philips and Renesas Technology, has expanded the licensing agreement on NXP's MiFare technology.
This is aiming to build momentum for the availability of advanced payment and near field communication offerings in contactless insrastructures.
As a historical licensee, Renesas now has further access to NXP's entire MiFare family, said to be the most widespread contactless technology worldwide, providing high levels of performance, flexibility and security in the automatic fare collection, access management, event ticketing and customer loyalty markets.
The agreement supports the industry's need for extension of contactless applications to new form factors. Renesas plans to provide a full range of security products to meet the requirements of mobile and contactless payment industries worldwide.
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