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Electronic Business: RFID Platform Supports ISO/IEC 14443 Type B

Mark Long reports on TI’s announcement of a secure ISO/IEC 14443 Type B technology platform for proximity payment transactions.

Offering increased security option and faster data rates, the ISO/IEC 14443 standard enables transaction information to be securely stored on the RF chip and securely transmitted over the contactless interface. American Express, Mastercard and Visa have already announced their respective endorsements for contactless payment applications based on the new standard.

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