LAS VEGAS, Oct. 26, 2015 /PRNewswire/ — Money 2020,- Sequent Software, the platform bringing cards to mobile, has launched the first Token Service Platform (TSP) to support all types of cards including credit, debit, prepaid and access control credentials. Compatible with all major credit and debit card networks, Sequent Token Service Platform allows banks to deploy a single solution to support their entire credit and debit card portfolio plus profitable private label and prepaid cards.
“Tokenization is an essential security component of emerging mobile payments and every issuer of plastic cards must be enabled to issue tokens for their entire card portfolio in the near future,” said Hans Reisgies, Sequent Chief Technology Officer. “Sequent Token Service Platform gives issuers ownership of this foundational technology, and brings all their cards to mobile without having to rely on multiple third party providers.”
The Sequent Token Service Platform is a full-service suite with all modules needed to digitize card data: tokenization, card data prep and trust authority. Modules may be deployed together or separately depending on the needs of issuers and existing legacy systems. The Sequent Token Service Platform is compatible with EMV Payment Tokenization Specifications.