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 CEO: MasterPass Starts Where Apple Pay Stops

Apple’s Compliance Cakewalk
Apple’s Compliance Cakewalk
October 22, 2014  |  Apple Pay

Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because...

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The Networks’ New Business Opportunity – Tokens Anyone?
The Networks’ New Business Opportunity – Tokens Anyone?
October 09, 2014  |  Exclusive Series

The new pricing schedule for token fees released by MasterCard in August initially was met with questions and consternation by outside observers. What exactly are...

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The Fed Wants To Clean Up Token Confusion
The Fed Wants To Clean Up Token Confusion
September 29, 2014  |  B2B Payments

The Federal Reserve Banks of Boston and Atlanta applaud the many efforts to standardize payment tokenization, except the part that there are in fact so...

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Apple Pay Retaining More Card Data Than It Claimed?
Apple Pay Retaining More Card Data Than It Claimed?
September 26, 2014  |  Apple Pay

The security system associated with the soon-to-be-released Apple Pay has been nearly universally praised as a significant advance in helping mobile payments go mainstream. Get...

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Visa Dials Back On Monitise
Visa Dials Back On Monitise
September 22, 2014  |  Mobile

Startups today have found bank loans to help get them get off the ground have all but dried up. So many now turn to other...

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What The Apple ICloud Breach Means For Payment Security
What The Apple ICloud Breach Means For Payment Security
September 03, 2014  |  Cybersecurity

Apple is investigating reports that a security hole in one of its online services allowed cyberthieves to download nude photos from the iCloud accounts of...

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