Infineon supports Gear S2 Smartwatch for Secured NFC Payment

Munich, Germany – November 17, 2015 – A wave of the arm to pay for a coffee, a simple twist of the bezel to scroll through e-mails: the new Samsung Gear S2 smart watch further improves users’ convenience and mobility. Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) provides the embedded Secure Element (eSE) chip for all Samsung Gear S2 models. The chip safeguards users’ sensitive data and supports secured contactless payment transactions based on Near Field Communications (NFC) technology.

“We are pleased to support Samsung, the world’s leading smartphone vendor, with our security expertise to protect user credentials,” says Dr. Stefan Hofschen, President of the Chip Card & Security Division of Infineon. “Our embedded Secure Element chips are easy to integrate and a perfect match for convenient, secure transactions with wearable devices.”

The Gear S2 comes with a unique rotating bezel and works with a variety of phones running Android 4.4 or later. The 3G version adds stand-alone functions and built-in GPS using its own 3G cellular connection.

Infineon’s SOLID FLASH™ based SLE 97 eSE chip with 1 MB memory provides performance and ample space required to host the most demanding applications. It securely stores encryption keys, users’ payment credentials and biometric information for convenient fingerprint authentication and other applications. The chip is certified according to Common Criteria EAL5+ (high) and supports EMVCo (Europay International, MasterCard, VISA). EMVCo specifications facilitate worldwide interoperability and acceptance of secure payment transactions.

Further information is available at: www.infineon.com/wearable-devices

Infineon will exhibit security solutions for smart cards and connected applications at Cartes Secure Connexions 2015, Paris, November 17-19,booth 3E 004 in Hall 3.