Online fraud is rising fast, and current systems are struggling. A platform brings payments and authentication together on one card to close gaps attackers use.
Digital fraud is becoming one of the main threats facing banks, payment providers, and users. A study warns that losses could rise from $23 billion in 2025 to $58.3 billion in 2030, a 153% increase. The main pressure points are e-commerce and online banking where weak authentication and old card technologies leave gaps that attackers use.
This is the problem Infineon’s SECORA Pay M platform aims to solve. Instead of treating payments and authentication as separate systems, it brings them together on one card or device. The idea is to give banks and service providers one platform that covers more use cases while giving users fewer steps and stronger protection.
The platform supports EMV payment applications for Visa and Mastercard, and it also supports other functions. One card can act as a travel ticket, access pass, or FIDO-based authentication key. This helps people who move across digital and physical services each day such as commuters, online shoppers, and mobile banking users who want quick access without losing security.
The platform also supports Tap-to-X functions where users can authenticate or complete tasks with a tap. This enables safe e-commerce transactions, simple card digitization into mobile wallets, and secure login for banking apps. For institutions facing rising fraud and complex digital systems, this lowers integration work and strengthens user verification at key points.
“We have dedicated ourselves to protecting online transactions from the increasing fraud,” said Tolgahan Yildiz, Head of the Trusted Mobile Connectivity and Transactions Product Line at Infineon. “With the new SECORA Pay M, we provide our customers with a solution that allows them to stay one step ahead of attackers while offering end customers simple and convenient authentication.”
Andrew Shikiar, CEO, FIDO Alliance, said: “Passwords have long been unfit for purpose, especially for important transactions like payments. The only way to eliminate widespread fraud is to replace phishable credentials with cryptographically secure and simple to use authentication. We are very pleased that Infineon shares this vision and is bringing solutions to market that help make payments and authentication simpler and more secure for all.”
