SOURCE: Trustonic

Trustonic

November 18, 2016 07:53 ET

Trustonic and Sequent Collaborate to Protect Mobile Services with TEE

Sequent and Trustonic Combine Platforms to Strengthen Mobile Payments, Transit, Access

CAMBRIDGE, UNITED KINGDOM and SANTA CLARA, CA--(Marketwired - November 18, 2016) - Sequent Software, the leader in bringing cards to mobile, and Trustonic, the leading provider of mobile device security, have announced a collaboration to increase the adoption of digital cards on smartphones and wearables. This integration of the Trustonic Hybrid Protection (THP) solution with Sequent Platform will increase the security of billions of digital cards and will bring about significant change in the fields of payment, transit, access control and hospitality applications.

Sequent Platform digitizes legacy plastic cards from card issuers, such as banks, transit agencies and access control companies and makes them usable on smartphones and wearables. Any smartphone app can use these cards to make a payment, ride public transit systems, or get access to office buildings or student campuses. For the first time, Sequent Platform will support THP, an advanced, hardware-based security technology to protect digital cards on TEE-enabled smartphones. This new security option increases the number of smartphones Sequent can support with cards and, therefore, makes these smartphones more valuable in consumers' everyday lives.

"Trustonic's access to TEE hardware in smartphones has increased significantly in the last few years. Our collaboration is the natural next step in Sequent's journey to bring billions of cards to billions of smartphones," said Hans Reisgies, Sequent CTO. "Our industry has understandably focused on bringing bank-issued cards to smartphones over the last few years. Trustonic's technology will help Sequent bring the next billion cards -- specifically digital transit cards, employee badges, student and government ID's, and car keys -- to both smartphones and wearables." "Sequent is using Trustonic's THP solution to secure the mobile experience," said George Kanuck, SVP, Sales & Marketing at Trustonic. "THP is being used to store user credentials securely, as well as to perform all cryptographic processing in a secure area, thus ensuring that the users' secrets and encryption keys are always kept hidden. With this collaboration, delivering and deploying secure credentials on smartphones without compromising on security or user convenience becomes easier than ever."

About Sequent
Sequent Platform brings cards to mobile and makes them useful for consumers. Sequent enables banks, transit agencies, access control providers and any other issuer to securely digitize their credit, debit, transit, loyalty, or ID cards, distributing them to their own application or any others using the Sequent Platform. Sequent's simple APIs empower the app developer community to bring cards to all apps on mobile, wearable, and other connected devices enabling consumers to make payments, redeem offers, open doors, and ride transit systems. Sequent Platform includes: Token Service Provider (TSP), Card and Wallet Management Platform, and Trust Authority. For more information, visit www.sequent.com, and follow us on Twitter @sequentsw.

About Trustonic
Trustonic is a venture formed in 2012 by blue chip leaders in the semiconductor industry (ARM) and digital security (Gemalto). Trustonic's mission is to protect, enrich and simplify people's digital lives by enabling optimum security on all smart connected devices and associated services and applications. Trustonic has already pioneered the adoption of advanced Trusted Execution Environment (TEE) security technology into the world's leading mobile devices with working solutions today underpinning Samsung Knox, SamsungPay, Alipay and Symantec VIP. Trustonic TEE technology is available from 12 of the leading 15 Android smartphone manufacturers and is embedded in more than 700 million devices.

Image Available: http://www.marketwire.com/library/MwGo/2016/11/18/11G122623/Images/Trustonic-e712e009e7a2906484051976afd15cee.JPG

Contact Information