November 2, 2015
NXP Semiconductors N.V., one of the leading players when it comes to NFC and contactless smart card solutions, has announced a collaboration with Sequent Software, a leading innovator of digital issuance and wallet platform-as-a-service to increase the use of mobile devices in transit, access control and hospitality applications. Sequent has licensed NXP’s MIFARE DESFire & MIFARE4Mobile V1.01 and integrated them into the Sequent Platform, enabling consumers to access potentially millions of credentials for use in real-world environments with their mobile devices.
Founded only five years ago, Sequent has deployed commercial mobile payment systems for major global banks and mobile phone operators on four continents. Sequent was one of the first companies to add host card emulation (HCE) to its product offering and package it with a full security suite. And Sequent is the only company providing an open-wallet platform with APIs so developers can add NFC payment functionality to existing mobile apps.
Our new agreement with NXP allows us to tap into the huge installed base of MIFARE and provide a massive amount of card-based applications into mobile devices. It opens up opportunities for transit agencies, hotels and other organizations to effectively leverage mobile devices as the cards and keys of their customers, said Hans Reisgies, CTO at Sequent in the press release. From now on, consumers will always be able to have these cards with them, securely stored on their smartphones so they can easily ride trains, enter office buildings, open hotel room doors, validate at parking ramps and make payments.
NXP’s MIFARE DESFire and MIFARE Classic are widely used for many applications including transit and access control, with over 10 billion cards sold in more than 736 cities worldwide, said Matthias Poppel, General Manager of Secure Mobility and Retail at NXP Semiconductors, in the press release. The flexibility offered by Sequent’s token service platform is truly innovative. Offering secure credential management on the connected devices and apps consumers know and trust will allow even more consumers to benefit from MIFARE and is a notable step forward in the digitization of cards and tickets in a consumer’s wallet.
About NXP Semiconductors:
NXP Semiconductors N.V. creates solutions that enable secure connections for a smarter world. Building on its expertise in high-performance mixed-signal electronics, NXP is driving innovation in the areas of connected cars, cyber security, portables & wearables and the Internet of Things. NXP has operations in more than 25 countries and has posted revenue of $5.65 billion in 2014. Find out more at www.nxp.com.
Sequent’s platform brings cards to mobile and makes them useful for consumers. Sequent enables banks, transit agencies and any other issuer to securely digitize their credit, debit, transit, loyalty or ID cards and distribute them to their own application, and to any other application 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 Platform (TSP), Card and Wallet Management Platform, and Trust Authority. For more information, visit www.sequent.com.