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The fall and rise of Tokenization
Apple Pay has breathed new life into tokenization and the use of tokenization has seen a revival due to new technology approaches that remove associated operational risks and complexities and enable increased scale and high performance transaction processing, especially in financial services and banking. PCM investigates how this technology made a comeback and is taking [...]
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HPS partners with Gemalto for tokenization
HPS announced a new global partnership with Gemalto for tokenization. Tokenization is the process by which payment account information is replaced by an alternate value called a token. Issuers, Merchants and Processors who use tokens are able to significantly reduce the risk that sensitive cardholder data may be stolen by data thieves. This is widely [...]
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Mobile payments in the US 2015
Apple, Starbucks and Disney are all strong brands with loyal followings, but they also have something else in common: They’re early leaders in the ever-evolving mobile payments market. Some analysts predict 2015 will be the first year all the pieces — including a larger base of NFC-enabled devices and terminals, and growing consumer acceptance — [...]
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CurrentC announces launch date
Finally, some good news for CurrentC! As the new CEO, Brian Mooney, formerly CEO of Bank of America Merchant Services, one of the largest US merchant payment acquirers, Merchant Customer Exchange (MCX), a group of large announced it expects to launch an early version of its CurrentC mobile payment app mid-year in an unnamed, mid-sized market. The group unveiled [...]
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Payment Card Tokenization
Tokenization is a technology that allows for more secure payments by substituting sensitive consumer account data for a random number that is unique to each transaction – a digital token. This token contains no consumer account data, and instead is simply a map to where the bank has stored a consumer’s data within its own [...]
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