Munich, Germany: As digital transactions accelerate globally, cybercriminals are scaling their operations even faster.
A new market study forecasts a 153 percent spike in digital fraud attacks on financial institutions by 2030, soaring from $23 billion in 2025 to $58.3 billion.
In response to this alarming trend, Infineon Technologies AG has expanded its trusted SECORA™ Pay family with the launch of SECORA™ Pay M, a cutting-edge platform engineered to merge high-speed payments with robust FIDO authentication.
A unified platform for payment, authentication and mobility
SECORA Pay M elevates the proven plug-and-play design of the SECORA Pay solutions by introducing multi-application capabilities on a single secure chip. It seamlessly supports:
- Latest EMV payment applications for Visa (VSDC2.8.1G1, VSDC2.9.2) and Mastercard (M/Chip Advance v1.2.3)
- Transport and ticketing through advanced contactless features.
- FIDO (Fast Identity Online) 2.1 authentication for passwordless login.
- Tap to X use cases, enabling secure actions like mobile wallet tokenization, card digitization, or quick authentication for banking apps and e-commerce platforms.
By converging payment and identity verification on a single Java Card 3.1-based platform, SECORA Pay M enables consumers to tap, pay, access, and authenticate through a single universally supported credential — ushering in a new era of simplicity and security.
Engineered for a rising threat environment
“With fraud in online banking and e-commerce rising sharply, our mission has been to secure every transaction pathway,” said Tolgahan Yildiz, Head of Trusted Mobile Connectivity and Transactions Product Line at Infineon.
“SECORA Pay M ensures banks, mobility operators, and merchants remain ahead of attackers while offering users frictionless and intuitive authentication,” he added.
This commitment aligns with global efforts to move away from vulnerable password-based systems. The FIDO Alliance, the world’s leading industry body promoting modern authentication standards, has emphasized eliminating passwords in high-value transactions.
“Passwords have long been unfit for purpose,” said Andrew Shikiar, CEO, FIDO Alliance.
“To curb large-scale fraud, the world needs cryptographically secure, phishing-resistant authentication. We are pleased to see Infineon deliver solutions that make digital payments and identity verification safer and simpler,” he added.
Built for high-performance contactless ecosystems
SECORA Pay M integrates an NFC Type 4 Tag application, enhancing interoperability and delivering reliable performance across payment terminals, transport gates, mobile devices, wearables, and emerging Tap to X environments.
Its secure embedded FIDO application ensures strong authentication across:
- Mobile and web banking, E-commerce checkouts, Enterpriselogins, Digital identity and public-service platforms.
- This uniquely positions SECORA Pay M as a future-ready platform for the next decade of digital payments and identity solutions.
