New-Tech Europe Magazine | Q1 2023

the user, the storage and provision of proof of transfer, and the fulfillment of specific legal requirements for two-factor authentication. Data protection, data security and, last but not least, user-friendliness are not mutually exclusive. Semiconductors from Infineon are at the heart of digital and connected payment solutions Infineon offers contactless security chips with EMV® certification for bank cards, embedded security solutions for connected devices and sensor solutions for recognizing biometric features. They open up new and consumer-friendly possibilities in payment transactions for banks, fintechs and card or device manufacturers.

paid for thanks to an integrated security chip. IoT payments are also simplifying our everyday lives outside our own homes. For example, more and more charging stations are recognizing the electric car and processing payments automatically (“Plug & Charge”). Moreover, market researchers expect the revenue potential of in-car payments expected to grow to USD 86 billion worldwide by 2025. Better user experience – new security requirements While this enables new, convenient shopping experiences, it also increases the requirements for the payment processes. Connected remote payments and the integration of networked devices require not only general device security but also the reliable safeguarding of biometric and private information of

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