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.

Fiserv Teams With Akoya on Data Sharing

Fiserv Teams With Akoya on Data Sharing
Fiserv Teams With Akoya on Data Sharing
August 24, 2023  |  Data & Research

Consumer-permissioned data — as a concept — is nothing new in financial services. Look back across the past few decades, Jamie DelMedico, vice president and...

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Report: DOJ Investigates Visa Merchant Practices
Report: DOJ Investigates Visa Merchant Practices
August 16, 2023  |  Legal & Regulation

Visa is reportedly the target of a Department of Justice (DOJ) probe into its tokenization practices. The DOJ’s interest in Visa is part of a long-running investigation, Bloomberg reported...

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Microsoft’s CBDC Push Hints at Private Sector’s Role in Shaping Digital Currencies
Microsoft’s CBDC Push Hints at Private Sector’s Role in Shaping Digital Currencies
August 09, 2023  |  CBDC

Central bank digital currencies (CBDC) are on pretty much every central bank’s road map. A full 93% of central banks across the globe are in at...

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MONEI CEO Says Click to Pay Poised to Gain Ground in Europe
MONEI CEO Says Click to Pay Poised to Gain Ground in Europe
July 24, 2023  |  Payment Methods

According to Alex Saiz Verdaguer, founder and CEO of MONEI, Click to Pay is set to find wider berth in Europe. Discover® Global Network recently...

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BIS: 93% of Central Banks Working on Digital Currencies
BIS: 93% of Central Banks Working on Digital Currencies
July 10, 2023  |  CBDC

A new Bank of International Settlements (BIS) survey shows the increasing popularity of central bank digital currencies. The survey, released Monday (July 10), found that the share of central...

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Mastercard Says Value of Blockchain Tech in Payments Has Yet to Be Unlocked
Mastercard Says Value of Blockchain Tech in Payments Has Yet to Be Unlocked
July 03, 2023  |  Blockchain

Money movement is moving into the future at a rapid clip. But are central banks, enterprise organizations, consumers, and merchants ready for a new era...

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FreedomPay to Integrate Visa’s Network Tokenization Capabilities
FreedomPay to Integrate Visa’s Network Tokenization Capabilities
June 23, 2023  |  Partnerships

FreedomPay will integrate Visa’s network tokenization capabilities with its own global identity and tokenization framework. This integration will enable network tokens across card brands, help merchants remain compliant with...

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PYMNTS Intelligence: The Value of Vaults to Merchants
PYMNTS Intelligence: The Value of Vaults to Merchants
June 20, 2023  |  Payments Innovation

One of the biggest pain points for both consumers and merchants is expired payment credentials. With card life-cycle management solutions, vaults can ease that pain...

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