NXP Semiconductors announced JCOP Pay operating on JCOP 5 EMV, designed to deliver a high degree of customer customization of payment cards, while simultaneously enhancing their security. With the most recently obtained EMVCo certification, JCOP Pay operating on JCOP 5 EMV enables customers to achieve a long lifetime for card issuance.
Inventory management represents a challenge for payment card manufacturers, as they need to be able to adapt to constantly changing consumer needs in a highly competitive industry. JCOP Pay operating on JCOP 5 EMV features flexible and secure reconfiguration up to the point of card issuance to the end consumer, allowing changes in payment scheme applications and settings. This enables efficient inventory management for customers, as well as accommodating special multi-application requests, giving customers improved customization options and increasing their overall flexibility.
“Customization and adaptability are crucial for payment card issuers,” said Christian Lackner, Senior Director, Secure Payment & Identification, NXP. “The flexible and secure reconfiguration options enabled by this newest generation of JCOP Pay allow our customers to rapidly shift existing inventory towards a changing set of consumer needs, ultimately giving them the flexibility needed to succeed in a competitive industry.”
