NXP and Sequent Collaborate to Bring Cards to Mobile

EINDHOVEN, Netherlands and SANTA CLARA, Calif., Oct. 28, 2015 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI), the leader in Near Field Communication (NFC) solutions and Sequent Software, the platform bringing cards to mobile, have announced a collaboration to increase the use of mobile devices in transit, access control and hospitality applications. Sequent has licensed NXP’s MIFARE DESFire and MIFARE4Mobile V1.01 and integrated them into the Sequent Platform, allowing consumers to access potentially millions of credentials for use in real-world environments with their mobile devices.

“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. “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.”

Sequent’s Token Service Platform (TSP) supports hardware secure element security and other security appliances in connected devices. This enables them to offer more widely the use of MIFARE-based credentials, also on smartphones that do not have a native MIFARE implementation on the secure element. With this flexibility, Sequent can support more card types and emulation standards, making them available in the smartphone apps consumers already know and use and this greatly simplifies and fosters efficiencies in a wide variety of industries.

“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, secure mobility and retail, NXP Semiconductors. “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. (NASDAQ:NXPI) 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 posted revenue of $5.65 billion in 2014. Find out more at www.nxp.com

MIFARE, MIFARE4Mobile, MIFARE Classic and MIFARE DESFire are registered trademarks of NXP B.V.

About Sequent

Sequent 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, and follow us on Twitter @sequentsw.

Forward-looking statements

This document includes forward-looking statements which include statements regarding NXP’s business strategy, financial condition, results of operations and market data, as well as other statements that are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in NXP’s SEC filings. Copies of NXP’s SEC filings are available from the SEC website, www.sec.gov.

For further press information, please contact: NXP Americas: Hillary Cain +1 408 518 5227 hillary.cain@nxp.com Sequent Systems Marcelo Delima 1 650 776 7109 marcelo.delima@sequent.com

Source:NXP Semiconductors Netherlands B.V.