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2014-05-27

STMicroelectronics: STMicroelectronics Reveals Advanced Secure-IC Family, Boosting Support for US Switch to Highly Secure EMV Chip Payment Cards

Versatile portfolio leverages advanced technology and unique built-in support
for multiple payment applications to enhance security and convenience for
consumers, merchants and banks

Geneva, May 27, 2014
- As chip-and-PIN credit/debit cards attempt again to make inroads into the
US, bringing enhanced security and ease of use, STMicroelectronics (NYSE:
STM), a global semiconductor leader serving customers across the spectrum of
electronics applications, has revealed its most advanced family ofSTPay
secure chipsoptimized for applications from basic online-only cards to
dual-interface cards for contactless payments.

Chip-and-PIN cards that embed an EMV-compliant secure chip such as STPay are
able to store and process data securely and are virtually impossible to
replicate, unlike traditional magnetic-stripe cards. The cards were
introduced throughout European payments systems during the mid 2000s. Thanks
to the EMV technology, fraud due to counterfeit cards has now fallen by
around two-thirds in the UK alone while lost/stolen card fraud is 50% lower
compared to pre chip-and-PIN levels, according to data from Financial Fraud
Action UK. In addition, the new chip cards will enable US cardholders to make
payments more easily when traveling abroad, as acceptance of magnetic-stripe
cards diminishes worldwide.

ST is a leading provider of secure ICs for applications ranging from
credit/debit cards to NFC SIMs, public transportation fare cards and eID
cards, with a successful track record spanning more than 30 years. The STPay
family is based on a secure IC with advanced 90nm semiconductor technology.
It features a complete set of certified payment applications for all major
payment systems. STPay delivers a flexible and competitive portfolio to
support the US switch to EMV chip cards.

"The STPay family is now able to sustain card vendors in the US with a
cost-effective and flexible solution from a leading and proven supplier to
the smartcard industry, providing very effective logistics thanks to an
integrated IC-to-solution production cycle," said Tony Keirouz, Vice
President Marketing and Applications, Microcontrollers and Security Products
at STMicroelectronics' Americas Region. "The latest devices reinforce ST's
commitment to support EMV migration in the Americas with solutions that are
secure and ready to be personalized, and manufactured in our industry-leading
secure fabs."

STPay family products cover the whole range of payment cards targeted in the
US, from contact cards (on-line or DDA) up to high performance dual interface
cards. The contact credit/debit card solution includes VISA, MasterCard,
Amex, and Discover, the four leading payment applications, on the same secure
IC. This lowers costs for card producers and issuers, and simplifies the
logistics and personalization scripts needed to support multiple
applications. The dual-interface products utilize a high-performance ARM®
SecurCore®SC000(TM) 32-bit secure core plus an industry-standard ISO14443A
contactless interface to speed transactions at contactless/NFC enabled POS
terminals - and has up to 38Kbyte of installable EEPROM. Two of its five
dual-interface applications are already fully certified using SPS' proven
contactless Ebooster® technology. Other antennae for the contactless
interface are also supported.

All the devices comply with Global Platform, Visa Open Platform(TM) (VOP), and
Card Personalization Specification (CPS), and so can be issued using
industry-standard personalization systems.

TheSTPayfamily is also participating in Datacard Group's Card Validation
Program (CVP), at Platinum level. Scripts for the STPay products will be
available to Datacard Group's Smart Card Profile Manager customers at a 30%
discount off list price. This will enable local card manufacturers working
with issuing banks to lower costs and shorten the time needed to develop and
certify scripts.

About STMicroelectronics

ST is a global leader in the semiconductor market serving customers across the
spectrum of sense and power and automotive products and embedded processing
solutions. From energy management and savings to trust and data security,
from healthcare and wellness to smart consumer devices, in the home, car and
office, at work and at play, ST is found everywhere microelectronics make a
positive and innovative contribution to people's life. By getting more from
technology to get more from life, ST stands for life.augmented.

In 2013, the Company's net revenues were $8.08 billion. Further information on
ST can be found atwww.st.com.

For Press Information Contact:

STMicroelectronics

Michael Markowitz

Director Technical Media Relations
+1 781 591 0354
Michael.Markowitz@st.com

STPay for US EMV Market
http://hugin.info/152740/R/1788775/614662.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: STMicroelectronics via Globenewswire

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