Payments Security Veteran Lance Johnson Joins Sequent as Chief Security Officer

- Industry Veteran Will Lead the Development, Deployment and Direction of Mobile Payments Security

REDWOOD CITY, California, Aug. 22, 2013 /PRNewswire/ -- Sequent Software (www.sequent.com) announced today that Lance Johnson has joined the Sequent executive team as Chief Security Officer, and will lead the development and deployment of the Company's risk management and mobile-payment security technologies.

(Photo: http://photos.prnewswire.com/prnh/20130822/SF67991)

Lance's career includes more than twenty years of service at Visa International, where he served as Senior Vice President directing Visa's efforts in global risk management and security; fraud detection and control; brand risk exposure; and the development and management of Visa's policies, procedures and practices for global payment data and device security. Recognized in the industry for his expertise and leadership, Johnson is a founding member of the Executive Committee and Board of Managers of the PCI Security Standards Council.

"It's exciting to be part of Sequent, which has a commanding lead in defining how consumers will use their existing cards in a mobile wallet to do business with merchants they already know and trust," commented Johnson. "My new role is to ensure that Sequent's core infrastructure, software solutions, and device-side innovation provide the most robust, secure, and scalable mobile payments platform on the planet."

Lance added, "The world is ready to use mobile devices with secure credentials at the point of sale. But the shift from plastic to digital requires compliance with card issuers' security requirements and easy integration with merchants, brands, and online retailers. Sequent achieves this marriage of security and value creation with its Wallet Platform SDK."

"Sequent is recognized as having the deepest bench of industry experts and Lance's decision to join us strengthens our team even further," said Robb Duffield, Sequent's CEO. "We are thrilled to have Lance's leadership and experience in delivering the Sequent platform to leading mobile network operators, device manufacturers, card issuers, and merchants worldwide."

About Sequent Software
Sequent provides a leading Trusted Service Manager (TSM) software and services platform. Sequent's comprehensive SE-TSM Secure Element Management service supports diverse contactless security technologies while rapidly onboarding issuers and application providers. Sequent's SP-TSM software enables banks and other service providers to provision and manage their own credentials on the secure elements of mobile phones. Sequent's Wallet Enablement Platform makes it easy to add Near Field Communication (NFC) payments and other credentials into rich, branded consumer mobile apps. The Company is backed by Opus Capital, Jado Investments and SBT Venture Capital, the venture arm of Sberbank. Visit www.sequent.com for more information.

PR Contact: Kirsten Strain, Sequent, +1-650-419-2713
contactus@sequent.com