Broadcom Corp., a company specializing in semiconductor products for wired and wireless communications, this week announced what it calls the industry's highest-performing near field communications controller. 

Broadcom said that the BCM20797 provides greater transaction range, improved security and faster transaction speeds, making it ideal for mobile payments and transit applications, according to a press release. The new device is part of Broadcom's overall effort to provide customers with innovations in the NFC market that advance technological capabilities and increase end-device integration.

"Broadcom continues to bring improved capability and superior integration to provide a new benchmark for NFC applications," said Dino Bekis, Broadcom vice president of product marketing for Wireless Connectivity Combos. "By incorporating new features like VEE and driving down the overall solution footprint, we're making it easier for our customers to accelerate adoption of this technology into smartphones as well as emerging device categories like smart watches."