Interac Partners with Sequent Tokenization Platform for its International Licensees

Interac Association/Acxsys Corporation (Interac), one of Canada's leading payments brands, and Sequent Software Inc. (Sequent), a leading tokenization provider, announced today an agreement that will help reduce or eliminate upfront capital investment required to implement tokenization platforms for digital payments. Under this agreement, Sequent will provide access to a tokenization Platform as a Service (PaaS) for networks outside of Canada using the white-labeled version of Interac's contact and contactless EMV specification.

"We are making it easier for our international licensees to provision card credentials to a smartphone," said James Good, Head of International Business Development, Interac Association and Acxsys Corporation. "This will be particularly useful for licensees who might otherwise not have been interested in or capable of investing the time, effort and upfront capital to create their own in-house tokenization solution."