Using your car key as a credit card?

(PhysOrg.com) -- BMW Group Research and Technology and NXP Semiconductors, the independent semiconductor company founded by Philips, have unveiled a prototype of the world’s first multifunctional car key. The prototype features contactless payment, personalized access control, and advanced functionalities including public transport e-ticketing, to deliver an enhanced mobility experience. Powered by NXP's Smart security chip, the prototype – for the first time – allows drivers to perform quick, secure and convenient electronic payments with a car key, creating exciting new usage scenarios for future consumers.

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<p><a href="http://www.physorg.com/news143907609.html">Using your car key as a credit card?</a></p> <p>(PhysOrg.com) -- BMW Group Research and Technology and NXP Semiconductors, the independent semiconductor company founded by Philips, have unveiled a prototype of the world’s first multifunctional car key. The prototype features contactless payment, personalized access control, and advanced functionalities including public transport e-ticketing, to deliver an enhanced mobility experience. Powered by NXP's Smart security chip, the prototype – for the first time – allows drivers to perform quick, secure and convenient electronic payments with a car key, creating exciting new usage scenarios for future consumers.</p>