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.

Vantiv Inks Deal To Buy Paymetric
Vantiv Inks Deal To Buy Paymetric
April 27, 2017  |  Payment Methods

Vantiv, the provider of payments processing services and related technology solutions for merchants and financial institutions, announced Tuesday (April 25) that it’s inked a deal...

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Fully Tokenized ACH Payment Integration Via Plaid And Dwolla Partnership
Fully Tokenized ACH Payment Integration Via Plaid And Dwolla Partnership
April 26, 2017  |  Partnerships / Acquisitions

Transferring large sums of money typically always poses a risk. This rings true especially in today’s tech-savvy world, where computer hacking makes it easier to...

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Swedish Firm Microchips Employees For Payments, Security
Swedish Firm Microchips Employees For Payments, Security
April 05, 2017  |  B2B Payments

With internal security threats leading to significant losses of data and money for the enterprise, businesses are tasked with not only safeguarding their systems, but...

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Dyadic Lands $12M For Enterprise Security Tech
Dyadic Lands $12M For Enterprise Security Tech
March 15, 2017  |  B2B Payments

Dyadic Security has announced a $12 million fundraise to boost its enterprise security offerings. The U.S. startup said Tuesday (March 14) that the Series B...

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Citi Nixes Physical Tokens For Corporates
Citi Nixes Physical Tokens For Corporates
January 26, 2017  |  B2B Payments

Citi is rolling out a new solution that enables corporates to ditch physical tokens when logging onto their business platforms. The bank announced Wednesday (Jan....

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CardConnect’s Newest Encryption Tool Emerges From Beta
CardConnect’s Newest Encryption Tool Emerges From Beta
January 18, 2017  |  B2B Payments

Payment processing firm CardConnect is targeting transaction security with its latest offering. The company said Tuesday (Jan. 17) that it is rolling out Bolt P2PE, a...

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Visa + Honda Show In-Vehicle Payments
Visa + Honda Show In-Vehicle Payments
January 06, 2017  |  Innovation

This year’s ongoing Consumer Electronics Showcase has been a non-stop stream of innovation, collaboration and new technologies. The latest in the smart car and mobile...

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Ripple’s Network Used For Token Transfer
Ripple’s Network Used For Token Transfer
November 14, 2016  |  B2B Payments

Smart Token Chain (STC), a company that explores the use of blockchain for smart contracts, tokenization and other transactions, has announced the completion of a...

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eMerchantPay Unveils Tokenization Service
eMerchantPay Unveils Tokenization Service
November 10, 2016  |  Safety and Security

Online payment service provider eMerchantPay recently released details of its new One Time Token (OTT). The token will allow merchants not compliant with Payment Card...

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