On Monday Tyfone, a global provider of mobile financial services infrastructure, announced completion of the Beta Testing phase of its u4ia™ Secure Memory Card (SMC) technology for highly secure contactless mobile payments. In addition the company announced joint system testing completion with its manufacturing partner NXP, the co-inventor of NFC technology and leading vendor of NFC chips.

Tyfone conducted beta testing with 21 global leaders in the mobile contactless payments ecosystem. The company expects these test will result in a significant number of new partnerships, market trials and/or full implementations. The joint system testing with NXP was intended ‘to ensure that Tyfone’s solution for NFC-based mobile payments adoption is fully operational’.

Tyfone conducted beta testing with 21 global leaders

Tyfone’s u4ia™ SMC represents a memory card based mobile contactless payments solution with integrated NFC chipset (secure element), controller and integrated antenna. The system can be operated in any Secure Digital (SD) memory card slot, in any form factor (micro, mini, regular).

“We believe Tyfone is poised to deliver on the promise of mobile contactless payments several years ahead of the timeline that exists in today’s paradigm,” said Tom Spitzer, Tyfone CEO and Co-founder. “Our unique approach overcomes two major barriers - the availability of NFC-enabled handsets and the business case conflicts between the industry stakeholders. Industry thought leaders like Mobey Forum, NFC Forum and the SmartCard Alliance recognize the benefits of using a memory card approach for the Secure Element, and today’s series of milestone achievements all point to a significant acceleration of worldwide mobile payments adoption.”