PYMNTS-MonitorEdge-May-2024

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.

Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
February 16, 2023  |  Security & Fraud

Payments vaults are moving to the forefront of many businesses’ customer experience strategies. Joseph Meuse, vice president of product management at Spreedly, told PYMNTS in...

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Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
January 29, 2023  |  Regulation

The U.S. Justice Department is continuing its investigation into Visa’s debit card practices. The payments giant is cooperating with the probe, which is “seeking additional documents...

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Chainalysis CEO Sees Crypto’s ‘True Value’ Driving Future Growth
Chainalysis CEO Sees Crypto’s ‘True Value’ Driving Future Growth
December 15, 2022  |  Cryptocurrency

No thaw in sight for the crypto winter as the post-FTX meltdown continues to reverberate. FTX’s implosion and the subsequent industry knock-on has spooked the...

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Small FIs Tap Third-Party Payments Providers to Fast Track Real-Time
Small FIs Tap Third-Party Payments Providers to Fast Track Real-Time
July 01, 2022  |  Faster Payments

The number of faster payment options continues to proliferate — particularly for consumer use cases — but the RTP® network from The Clearing House is...

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ConnectOne’s Sorrentino: Blockchain Unlocks New Value for Bank Customers
ConnectOne’s Sorrentino: Blockchain Unlocks New Value for Bank Customers
June 29, 2022  |  Blockchain

While more consumers are either trading or using cryp­tocurrencies, blockchain payments remain in a nascent stage as a replacement for fiat currencies. Some merchants may...

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More Tokenization and Better Routing Tech to Drive Conversion, Top Line in 2022
More Tokenization and Better Routing Tech to Drive Conversion, Top Line in 2022
December 29, 2021  |  Payment Methods

The year is almost in the rearview mirror — and looking back, 2021 represents a formative year for payments. Randy Guard, head of product at...

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PayU Token Hub Will Help Card Networks and Banks With Tokenization
PayU Token Hub Will Help Card Networks and Banks With Tokenization
October 28, 2021  |  Authentication

Online payments solutions provider PayU on Thursday (Oct. 28) launched PayU Token Hub, a tokenization platform that helps businesses comply with the Reserve Bank of...

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Silicon Valley Bank Teams With Plaid for ACH Tokenization
Silicon Valley Bank Teams With Plaid for ACH Tokenization
September 15, 2021  |  Authentication

Silicon Valley Bank (SVB) is partnering with FinTech infrastructure firm Plaid for instant authentication of bank account information using ACH tokenization. SVB is the first...

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Metal Credit Cards Take On New Role As Virtual Ignition Keys To A Password-less World
Metal Credit Cards Take On New Role As Virtual Ignition Keys To A Password-less World
August 11, 2021  |  Security & Fraud

At first glance, the metal or plastic credit card’s place in the connected economy seems a bit … well, tenuous. Tucked in the wallet, that...

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