tokenization

Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no extrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system.
Mastercard Says Click to Pay Is Primed for Growth as Merchants Focus on Conversion
Mastercard Says Click to Pay Is Primed for Growth as Merchants Focus on Conversion
February 16, 2024  |  Connected Economy

Nearly five years after Click to Pay was introduced (initially as Secure Remote Commerce), Jennifer Marriner, EVP, Global Acceptance Solutions at Mastercard, told Karen Webster,...

READ MORE >
Tokenization Now Seen by Merchants as Performance Optimization Play
Tokenization Now Seen by Merchants as Performance Optimization Play
February 16, 2024  |  Security & Fraud

Jeff Hallenbeck, head of payments at Forter, said tokenization, from the merchant point of view, is moving from being thought of as an operational cost...

READ MORE >
Payments Vaulting Seen as Competitive Differentiator for Subscription Commerce
Payments Vaulting Seen as Competitive Differentiator for Subscription Commerce
February 16, 2024  |  Subscriptions

Joe Meuse, vice president of product at Spreedly, told PYMNTS that subscription-based business models face challenges and opportunities in meeting customers’ demands in the digital...

READ MORE >
Citi Completes Proof of Concept on Tokenization of Private Markets
Citi Completes Proof of Concept on Tokenization of Private Markets
February 14, 2024  |  Technology

Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the...

READ MORE >
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
January 05, 2024  |  Payments Innovation

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public...

READ MORE >
DLT’s Role in Traditional Finance May Scale With Tokenized Loans
DLT’s Role in Traditional Finance May Scale With Tokenized Loans
December 15, 2023  |  Blockchain

Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating...

READ MORE >
Taurus and Teylor Team to Tokenize Loans to German Small Businesses
Taurus and Teylor Team to Tokenize Loans to German Small Businesses
December 14, 2023  |  Loans

Swiss crypto custody firm Taurus has launched a partnership with lending platform Teylor. The partnership, as reported Thursday (Dec. 14) by Coindesk, allows Teylor’s credit portfolio tokens to...

READ MORE >
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud 
Visa’s Provisioning Intelligence Service Wages War Against $450 Million in Token Fraud 
December 13, 2023  |  Security & Fraud

The value of tokenization — where sensitive information is replaced by unique algorithmically generated numbers and letters — has gained wide acknowledgement in commerce. James...

READ MORE >
Visa: Network Tokenization Shifts eCommerce Away From the Account Number
Visa: Network Tokenization Shifts eCommerce Away From the Account Number
December 11, 2023  |  Digital Payments

Physical commerce, via face-to-face, card-present payments, is largely a smooth experience, Swee-May Ngeow, vice president of North America client strategy and solutions at Visa, told...

READ MORE >