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.
They Said That: Notable Quotables From the Week of July 8, 2024
They Said That: Notable Quotables From the Week of July 8, 2024
July 12, 2024  |  Payments Innovation

PYMNTS reporters, analysts and writers do dozens of interviews every week to bring you the editorial package that is PYMNTS and PYMNTS Intelligence. While they...

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Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

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Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
June 20, 2024  |  Blockchain

Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger,...

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Deposit Tokens Gain Favor in Commercial Banking
Deposit Tokens Gain Favor in Commercial Banking
June 14, 2024  |  Blockchain

There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century...

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Ripple and Archax Partner on Tokenization of Real-World Assets
Ripple and Archax Partner on Tokenization of Real-World Assets
June 13, 2024  |  Partnerships

Ripple and Archax have extended their existing collaboration, aiming to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the...

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Mastercard to Enable One-Click Online Payments in Europe by 2030
Mastercard to Enable One-Click Online Payments in Europe by 2030
June 11, 2024  |  Mastercard

Mastercard said Tuesday (June 11) that it aims to make the experience of using a card online more like that of using one in store....

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Tokens See Double Duty as Protection From Fraud and Transaction Failures
Tokens See Double Duty as Protection From Fraud and Transaction Failures
June 10, 2024  |  Security & Fraud

Network tokenization, a technology that replaces sensitive payment card data with unique digital identifiers, has been a hot topic of late. Long known as an...

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Security Features Drive Digital Wallet Usage
Security Features Drive Digital Wallet Usage
June 06, 2024  |  Mobile Wallets

Mobile payments — and by extension, mobile wallets — are proving to be a favorite means of paying for all aspects of daily life as...

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This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
This Week in Web3: Cross-Border Payments, Crypto Investments, User Education
June 05, 2024  |  Blockchain

Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative...

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