Tokenization RSS
MasterCard extends tokenization support for Apps and e-commerce
MasterCard says it will offer tokenization services to merchants with apps, e-commerce, and recurring billing card-on-file programs, further protecting consumers and increasing convenience when storing cards in merchant databases. By expanding its Digital Enablement Services (MDES) to serve merchants’ needs it continues to lead the industry in securing cardholder credentials – no matter where they are stored. [...]
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TAG Systems enters into mobile payment
TAG Systems, a European smart card-based solutions provider, has acquired Seglan a Spanish IT company developing software and solutions for mobile payment and ticketing. International card payment schemes forecast that mobile transactions will exceed card based transactions by year 2020. As a result of this operation TAG Systems will offer mobile solutions based on HCE and [...]
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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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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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