The technology makes it possible to create links between payment cards stored in a secure element and multiple mobile wallets and apps, allowing several different mobile wallets to be supported on one NFC phone and enabling merchants and other service providers to build secure payments capabilities into their existing apps.
Secure NFC specialist Sequent has released a mobile wallet management platform that enables multiple wallets and mobile apps to access payments credentials stored on the secure element of an Android NFC phone.
“The Sequent Wallet Management Platform makes it possible for any authorized mobile app to use any card stored in the phone’s secure element, turning the app into a wallet,” the company says. “It also allows any card to be used in many authorized wallets, unlocking new value for both mobile operators (MNOs) and card issuers. The Sequent Wallet Management Platform tracks which wallets are authorized to use each credential in the secure element, while protecting the secure element from use by unauthorized apps.
“Designed with usability, flexibility and security in mind, Sequent Wallet Management Platform maintains every card’s branded ‘look and feel’ consistently across apps. This allows card issuers to maintain their brand identity in their own wallet, as well as allowing their branded credentials to be used in partners’ wallets.
“The Sequent Wallet Management Platform can allow cards to be accessible simultaneously from any readily available wallet and also the card issuer’s dedicated app — and lets the consumer use that card in any of the approved apps or wallets.”
“Sequent Wallet Management Platform brings win-win economics to MNOs and issuers,” says Hans Reisgies, Sequent’s senior vice president of product. “MNOs can offer increased value to banks and other service providers, who can now allow many authorized wallets to have access to their card. In addition, card issuers can finally bring their issued credentials into their own wallets.”
The platform includes on-device middleware and a comprehensive back-end platform that runs as a service and has been integrated with “industry-standard TSM platforms including Sequent’s own TSM”.
An SDK for the wallet platform “makes it easy for developers without specialized knowledge of secure element communications and security to develop secure apps,” says Sequent. “Authorized app developers granted access to secure elements can immediately begin using Sequent Wallet Management Platform.”