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.

Digital Wallets Help Drive Widespread Adoption of Network Tokens
Digital Wallets Help Drive Widespread Adoption of Network Tokens
November 18, 2024  |  Blockchain

No matter the application, the guiding principle behind tokenization remains the same: replacing sensitive data with a digital representation (token) that protects that data. Recent...

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Mastercard Expands Live Music Experience Offering
Mastercard Expands Live Music Experience Offering
November 14, 2024  |  Mastercard

Mastercard is giving cardholders a new way to enjoy live music beginning early next year. The company is expanding its live music experiences for cardholders...

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Mastercard to Shift to Tokenization and Biometric Authentication by 2030
Mastercard to Shift to Tokenization and Biometric Authentication by 2030
November 13, 2024  |  Mastercard

Mastercard plans to phase out the need to enter card numbers, static passwords and one-time codes when making online purchases by 2030. The company aims...

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CISO’s Role in Payments Starts With Risk Mitigation
CISO’s Role in Payments Starts With Risk Mitigation
November 12, 2024  |  Risk Management

Risk management has been a longstanding principle in payments and commerce. Identifying risks, and being able to avoid them, is key to accelerating growth. And...

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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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