Proving more secure, chip-and-pin cards are embedded with microchips and require cardholders to input a personal identification number rather than signing receipts.
It will require an app-specific PIN and in the first release, all payment card credentials will be encrypted and stored on a chip, called the secure element, that is separate from the Android device memory and is only accessible by authorized programs.
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By integrating Intrinsic ID's PUF technology into its secure microcontroller SmartMX2, NXP significantly enhances the chip's security architecture and strengthens applications such as NFC-enabled mobile payment, electronic ticketing, and eGovernment and cyber security services.
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The quad-combo chip also provides a flexible interface with multiple secure elements to ensure all payment business models are supported for today's market.
It is only accessible from the internal chip, so we think it's completely secure.
Two beneficiaries of that NFC deployment are NFC chip suppliers NXP Semiconductors (NXPI), Inside Secure SA (EPA: INSD), Broadcom (BRCM) and CSR (CSRE).
Instead of a traditional key stored in the secure element's memory, every single copy of this chip carries a unique fingerprint within the physical structure of its transistors.
Together with Intrinsic-ID, NXP will demonstrate PUF technology on a SmartMX2 test chip with Intrinsic ID's SESAMES-award winning SATURNUS secure cloud application.
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Anyway, an Air Force base in Ohio and an Army base in Kentucky have decided that they're too much of a security risk, and is requiring all cans of Coke to be inspected before being brought into secure areas, just in case one of them happens to have a GPS chip in it.
Since Intel IPT is embedded at chip-level, unlike hardware or phone-based tokens, it can enable more secure, yet user-friendly cloud access protection.
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We are beginning to roll out these systems and the GPs for example, who are using these systems at the moment are obviously convinced that having chip and pin security full the accreditation of all their staff is an awful lot more secure than the laissez faire arrangements that exist in some places at the moment.
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