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.

Report: Retailers See Tokenization as Investment in Improving the Checkout Experience

Report: Retailers See Tokenization as Investment in Improving the Checkout Experience
Report: Retailers See Tokenization as Investment in Improving the Checkout Experience
November 12, 2024  |  Payments Innovation

  Tokens use encryption to protect sensitive payment information while allowing merchants and payment service providers (PSPs) to easily store this customer data for smoother,...

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J.P. Morgan: Digital Identities Key to Scaling Financial Blockchains
J.P. Morgan: Digital Identities Key to Scaling Financial Blockchains
November 08, 2024  |  Blockchain

What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to...

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Visa and Tencent to Launch Pay-by-Palm Solution in Singapore
Visa and Tencent to Launch Pay-by-Palm Solution in Singapore
November 08, 2024  |  Biometrics

Visa and Tencent partnered to launch a pay-by-palm solution, first in Singapore and then in other markets. The collaboration brings together Tencent’s palm recognition technology...

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Ant International and OCBC Partner on Tokenized Cross-Border Payments
Ant International and OCBC Partner on Tokenized Cross-Border Payments
November 06, 2024  |  Cross-border Payments

FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized...

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Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network
November 05, 2024  |  Payment Methods

Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management...

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Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales
Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales
November 05, 2024  |  eCommerce

Seamless checkout is a winning mantra for retailers looking to capture sales and delight their customer bases. Customers largely expect a fast, secure and intuitive...

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Singapore Responds to ‘Strong Interest’ in Asset Tokenization
Singapore Responds to ‘Strong Interest’ in Asset Tokenization
November 04, 2024  |  Blockchain

Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Payment Methods

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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