Sequent, a digital ID platform, and payment processor TIS have been chosen by an unnamed Japanese ‘megabank’ to supply secure mobile payments.
The Sequent solution orchestrates and manages the digital issuance and tokenisation of a personally identifiable credential, such as a banking accounts or identification information. The platform secures mobile data by tokenizing personal identifiable information (PII) protecting the data from cybercriminals.
Japan-based TIS offers payment processing integration services to more than 3,000 customers across the ASEAN region.
By teaming up, Sequent’s tokenisation services will provide TIS’ digital wallet solution WalletEVO with data security and identity verification. The WalletEVO solution will tokenise payment and card information, using encryption tools to store data.
TIS department manager of digital transformation services planning Ken Nakamura said, “We are excited to work with Sequent as our strategic partner in the mobile payments arena and we eagerly anticipate the upcoming launch of our WalletEVO, a customized token requester agency, for two industry-leading partners in the banking and credit card industries.
“With Sequent Platform and WalletEVO we have created a secure mobile payments solution using HCE tokenization that can securely store payment ID information in devices including wearable terminals and IoT devices, as well as smartphones.”
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