Payments’ Take On Tokens

Tokens – the idea of a surrogate replacing something of value in the financial services and payments ecosystem  – is certainly nothing new. Subway and coin tokens, even casino chips are all tokens that replace something of real value with something that’s a substitute for it.

In payments, the notion of replacing cardholder data with an encrypted artifact has been around since the mid-2000s, when tokens were used to replace cardholder data at “rest.” But as the saying goes, tokens have “come a long way, baby” and are now the heart of a strategy that is transforming mobile payments and creating digital identities for consumers.

It’s also causing players in the industry to “square off” over who creates, generates, and stores those encrypted digital credentials. The answers to that question may, in fact, reshape and redefine how credentials are kept secure in a digital world, where tokenization fits into the broader security payments paradigm and how it influences the balance of power in payments.

MPD CEO Karen Webster will moderate a digital discussion with some of the top players in the tokenization space on June 24, 1:00 PM (EST).




TokenExAlex Pezold

Co-Founder and CEO at TokenEx

Alex Pezold is a Co-Founder of TokenEx where he serves a leadership and business generation function. Prior to his current role at TokenEx, Alex served as a Director of Business Development and was a strategic advisor to CSOs and Executive Management surrounding Information Assurance, Information Security, and Compliance.

A former Qualified Security Assessor (QSA) with the PCI Security Standards Council, Alex has developed a mindshare in the compliance and risk reduction arena. Alex is currently a CISSP, holds CNSS Certifications, and obtained his Masters of Science in Computer Science with emphasis in Information Security from the University of Tulsa in Tulsa, OK.

DRSreemati Lalgudi

Director Merchant Connect and Value Added Services at Digital River

Sreemati Lalgudi, Director Merchant Connect and Value Added Services at Digital River World Payments. Sreemati has wealth of hands on experience of global payment methods with a strong focus on the Latam region and the challenges it brings to existing ecommerce business models.

In her role as the Director Merchant Connect and Value Added Services, she is responsible for extending Digital River’s global reach of payment options as well as optimizing merchant interfaces in order to drive conversion and best-in-class customer experience in all channels including mobile.

VerifoneHitesh Anand

VP of Commerce Enablement & Mobile at Verifone

As the Vice President of Commerce Enablement and Mobile at VeriFone, Hitesh Anand is responsible for driving new products to enrich the face-to-face commerce experience.

A veteran of the mobile, financial, telecommunications and semiconductor industry, Mr. Anand possesses a broad expertise-set across opportunity scoping, product/solution management, business development, project management and commercialization gained while working with customers and partners across Europe, Asia and the U.S. Mr. Anand has a unique experience with launching mobile products in developed and emerging markets.

CA TechnologiesDoc Vaidhyanathan

VP Product Management, Digital Payments at CA Technologies

As Vice President of Product Management for Digital Payments at CA Technologies, Doc is responsible for defining the Strategy and Product Vision for CA’s suite of products that enable Digital Payments.

Doc came into CA Technologies in Oct 2010 through its acquisition of Arcot Systems – where he was the Chief Product Officer. During his time at Arcot, Doc was responsible for the identification and definition of multiple products. In particular, he led the creation of the cloud infrastructure for delivering Authentication As A Service (AAAS) – establishing Arcot as the Cloud Authentication Leader – with over 120 million enrolled users and a high availability service that is PCI Level 1 certified and SSAE-16 Type II SOC1 compliant. Prior to Arcot, Doc held senior management roles – building and managing software applications for a variety of industries. Early in his career he worked as a VC making investments in startup and emerging companies.

CreditcallJeremy Gumbley

CTO, Creditcall

Jeremy Gumbley is a veteran of the payments industry having driven product and technology development roadmaps to accommodate EMV Migration programs in the UK, Europe, Africa and the Middle East as well as the U.S. and Canada. Jeremy has driven Creditcall’s technical development since 1999 and was appointed chief technical officer and technical director in 2001.

He is responsible for the design, development and implementation of the company’s market leading card payment solutions and portfolio of EMV Level 1 Library and EMV Level 2 Kernels. Creditcall has licensed and deployed over 1 million Kernels over the last 10 years. In addition, Jeremy oversees the maintenance of the company’s PCI DSS Level 1 compliance.

KWKaren Webster

CEO, Market Platform Dynamics 

Karen Webster is one of the world’s leading experts on payments, commerce and retail innovation and a strategic advisor to CEOs and Boards of multinational players in those sectors. As CEO of Market Platform Dynamics, she works extensively with the most innovative players in the payments, financial services, mobile, retail, B2B, digital media and technology sectors to help them maximize the value of their platform assets, design disruptive new business models and ignite and monetize new innovation. Karen also serves as a member of the advisory board for several emerging companies.




Digital transformation has been forcefully accelerated, but how does that agility translate into the fight against COVID-era attacks and sophisticated identity threats? As millions embrace online everything, preserving digital trust now falls mostly on banks and FIs. Now, advances in identity data and using different weights on the payment mix afford new opportunities to arm organizations and their customers against cyberthreats. From the latest in machine learning for fraud and risk, to corporate treasury teams working in new ways with new datasets, learn from experts how digital identity, together with advances like real-time payments, combine to engender trust and enrich relationships.

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