New-Tech Europe | September 2016 | Digital Edition

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Infineon secures new smart wearables for Taiwanese iPASS transport ticketing system

Users of public transport in Taiwan now have a new range of secured iPASS-ready wearables at hand: Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), one of the world’s largest suppliers of security chips, provides its unique Boosted NFC secure element solutions for wearables performing secured transactions such as transport ticketing and micropayment. In the recently launched K.R.T. GIRLS themed wrist straps and Garmin’s vivosmart HR fitness tracker,

functionalities are made possible with Infineon’s Boosted NFC secure element solution. It offers: Bank-level security – proven and reliable security based on globally recognized standards such as Common Criteria EAL5+/6+ and EMVCo; Scalability – a range of boosted NFC SE products from 240 KB to 1 MB of embedded memory, scalable for single or multiple applications with over-the-air administration;

the proven and certified solution enables outstandingly reliable and fast contactless data transmission. Thus, they will further increase consumers’ trust and acceptance of secured mobile payment. Wearers of the Garmin fitness trackers for example, will be able to ride Taiwan’s Metro Rapid Transit, Taiwan Railways, ferries, busses, taxis and public bike systems with a light tap of their wrist bands on the iPASS card readers. They can also pay at four major convenience store chains in Taiwan. Among these are 7-11 and FamilyMart covering 13,000 locations around the island at many tourist sites, gas stations and hospitals. Boosted NFC SE – secures NFC payment in ultra-small devices The transportation ticketing and micro payments

Small footprint with low power – requiring 80 per cent less printed circuit board footprint and only 75% stand-by power of conventional NFC solutions, both being crucial for smart wearable devices. Infineon provides the industry’s broadest portfolio of financial-level security chips and solutions that perform as crypto-engine and secured storage of sensitive data such as keys, certificates or biometric information for electronic payment transactions. Almost half of all chip-based payment cards issued worldwide in 2015 use security solutions from Infineon. To make cashless payment even easier and more convenient for consumers, Infineon has optimized its contactless technology for payment applications with even the smallest smart wearables.

Intel and TPG to Collaborate to Establish McAfee as Leading Independent Cybersecurity Company Valued at $4.2 Billion

global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out investments, and Intel, a global technology leader that powers the cloud and billions of smart, connected computing devices, will work together to position McAfee as a strong independent company with access to significant financial, operational and technology resources. With the new investment from TPG and continued strategic backing of Intel, the new entity is expected to

Intel Corporation and TPG today announced a definitive agreement under which the two parties will establish a newly formed, jointly- owned, independent cybersecurity company. The new company will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at approximately $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business. Through this transaction, TPG, a leading

Chris Young, the new company's CEO to be

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