Rambus Inc., a Sunnyvale, Calif.-based payment technology firm, has announced an agreement with Bank Islam Brunei Darussalam to use its Rambus Token Service Provider as part of its mobile strategy, according to a company release.

The Rambus TSP is designed to help secure the BIBD Nexgen mobile banking app, which will allow customers to digitize their accounts and send secure payments, without revealing sensitive card data.

The platform replaces actual card numbers and other critical information with unique reference numbers, which reduces the chance of fraud.

"This collaboration reinforces our leadership in mobile payment and tokenization technologies," said Chakib Bouda, vice president and CTO at Rambus, in the release.