Sequent Software is a cutting-edge company specializing in payments security and tokenization. Tokenization is a process that replaces sensitive data, such as credit card numbers, with unique symbols or tokens that retain all the essential information without compromising security. This technology is crucial in preventing data breaches and ensuring secure transactions.

Sequent operates in the financial technology (fintech) sector, serving a diverse range of clients including banks, merchants, and payment networks. The company’s platform is designed to cater to both token requestors—entities that need to connect to token service providers—and banks or payment networks that wish to offer their own token services. This dual functionality makes Sequent a versatile player in the market.

The company’s business model revolves around providing a robust tokenization platform that can be installed either on-premise or at a PCI DSS (Payment Card Industry Data Security Standard) Certified Data Center. This ensures that the highest standards of data security are maintained. Sequent makes money by offering its platform and services to clients who need secure payment solutions. This includes licensing fees for the software, service fees for ongoing support, and potentially transaction-based fees depending on the client’s usage.

Sequent has recently expanded its tokenized touchless payment services in the ASEAN (Association of Southeast Asian Nations) region, partnering with Virtusa, a global IT services company. This expansion highlights Sequent’s commitment to growing its market presence and adapting to the increasing demand for secure, touchless payment solutions.

In summary, Sequent Software is at the forefront of payment security, offering a comprehensive tokenization platform that serves a wide range of clients in the fintech sector. The company’s focus on preventing data breaches and ensuring secure transactions positions it as a leader in the industry.

Keywords: tokenization, payment security, fintech, data breaches, banks, merchants, payment networks, PCI DSS, touchless payments, ASEAN.