NXP cements position secure payment card ICs

NXP Semiconductors N.V. received further confirmation of its leadership in the market for secure ICs in payment cards. According to Industry analysts ABI Research reports that NXP supplies half of all secure ICs in payment cards.

In its recent report, ‘Payment and Banking Card Contactless Technologies – 2014,’ ABI Research, providers of in-depth analysis and quantitative forecasting of trends in global connectivity, reported that NXP moved in to a clear market leading position in 2013.

This announcement follows a report earlier this year from IHS which also described how NXP had gained a lead over competitors in this industry. The figures from ABI Research’s report represent the use of secure integrated circuits used in the production of credit and debit ‘smart cards’, featured as part of a report looking at the state of the worldwide payment card market.

"We are pleased to have our clear leadership in the Payments market recognised by two well respected analyst firms. NXP is committed to enabling secure connections for a smarter world, and shipping over 1 Billion in 2013 alone was a great achievement," said Brintha Koether, Payments Director, NXP Semiconductors.

Source: www.nxp.com

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