Home Internet of Things Aerospace Apparel Energy Defense Health Care Logistics Manufacturing Retail

Texas Instruments Chosen for MasterCard's PayPass

Texas Instruments announced today that it has been chosen by MasterCard to provide the high-security RFID chips needed for the credit card giant's PayPass initiative.
Jan 17, 2005This article was originally published by RFID Update.

January 17, 2005—In addition to its joint release with Impinj (see story above), Texas Instruments also announced today that it has been chosen by MasterCard to provide the high-security RFID chips needed for the credit card giant's PayPass initiative. TI will submit its product to MasterCard for certification, then begin production in the third or fourth quarter of this year. The RFID chip is based on the ISO/IEC 14443 standard, which provides for strong and internationally recognized cryptography algorithms.

PayPass is a MasterCard initiative to offer card holders a contactless payment mechanism for low-ticket items like fast food.

Read the press release on Yahoo! Finance
  • Previous Page
  • 1
  • Next Page

Login and post your comment!

Not a member?

Signup for an account now to access all of the features of RFIDJournal.com!

PREMIUM CONTENT
Case Studies Features Best Practices How-Tos
RFID JOURNAL EVENTS
Live Events Virtual Events Webinars
ASK THE EXPERTS
Simply enter a question for our experts.
TAKE THE POLL
JOIN THE CONVERSATION ON TWITTER
Loading
RFID Journal LIVE! RFID in Health Care LIVE! LatAm LIVE! Brasil LIVE! Europe RFID Connect Virtual Events RFID Journal Awards Webinars Presentations
© Copyright 2002-2016 RFID Journal LLC.
Powered By: Haycco