REDWOOD CITY, Calif., May 25, 2011 /PRNewswire/ -- Sequent Software (www.sequentsw.com), a leading provider of comprehensive products and services designed to make deployment of NFC-based mobile payments easy, and ViVOtech, the NFC software and systems company, today announced a partnership. Sequent will use ViVOtech trusted service manager (TSM) software as it drives commercial NFC mobile payment deployments of large customers and partners and allows consumers to make payments and other transactions with their mobile devices.
Sequent's innovative Secure Element Administration platform enables mobile operators and smartphone manufacturers to securely transfer consumers' bank, merchant, and transit cards into NFC-enabled phones. Sequent provides both the enterprise service and mobile device software so consumers can simply and securely use their multiple credit cards, gift cards, prepaid cards, and coupons at retail points-of-sale. ViVOtech's unique TSM software architecture allows Sequent to securely transfer card, coupon, and ticket data directly from bank card systems, or the bank's legacy card personalization bureaus—all without exposing sensitive data.
"Our partnership with Sequent transforms NFC mobile commerce from promise to reality," said Mohammad Khan, president of ViVOtech. "ViVOtech pioneered NFC with leading payment industry partners around the world, and developed the essential, collaborative building blocks to deliver rich NFC mobile solutions for in-store commerce."
"We are excited to be able to move commercial NFC service deployments forward with our collaboration with ViVOtech," said Sequent CEO, Drew Weinstein. "We are the only company whose sole focus is serving as a neutral, pervasive administrator of individuals' personal identification and credentials between the payments world, retailers, smartphone providers and mobile network operators."
Sequent provides the simplest solution for payment networks, retailers and the mobile ecosystem to offer NFC (near field communication) services to consumers. As the only company built as a dedicated Root TSM (Trusted Service Manager), Sequent's comprehensive, turnkey suite of innovative software and services enables companies to quickly and easily enable payment cards from financial institutions, merchants, and transit agencies on NFC-enabled mobile devices. Sequent applies a highly secure yet nimble architecture to unleash the next generation of personal interactions on mobile devices in the physical world. For more information, please go to www.sequentsw.com.
ViVOtech, the near field communication (NFC) software and systems company, enables rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Merchant, payment, mobile, web and advertising companies use ViVOtech solutions to enhance customer experience and grow their business. ViVOtech's NFC software and systems are the broadest, most tested and deployed worldwide. Founded in 2001, Silicon Valley-based ViVOtech provides the key building blocks of the NFC ecosystem: smart applications for enhancing the customer experience, wallet and trusted service manager, (TSM) software, and point of sale systems. ViVOtech's' investors include Alloy Ventures, Citigroup, Draper Fisher Jurveston, First Data Corporation, Motorola Ventures, Nokia Growth Partners, NCR, and Sprint. Join the NFC revolution at http://www.ViVOtech.com.
SOURCE Sequent Software