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.
Visa Pushes Tokens For Apple Pay — And Beyond
Visa Pushes Tokens For Apple Pay — And Beyond
January 30, 2015  |  Apple Pay

Visa is already looking beyond Apple Pay. The world’s largest payment-card brand announced on Thursday (Jan. 29) that it beat analysts’ expectations, isn’t planning layoffs...

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Fed: Faster Payments Depend On Security, Standards And Bank Buy-In
Fed: Faster Payments Depend On Security, Standards And Bank Buy-In
December 31, 2014  |  B2B Payments

The U.S. payments industry lacks common standards for interoperability, and that’s standing in the way of faster payments and better payments security. That’s the conclusion...

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Korean Retailers Fear Dependency On Tokens
Korean Retailers Fear Dependency On Tokens
December 09, 2014  |  International

No payment card company in Korea is currently developing its own tokenization system, and that has some in the Korean retail and financial industries worried,...

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Amex Launches Tokens
Amex Launches Tokens
November 04, 2014  |  Acquiring

American Express has rolled out its tokenization service designed specifically for online commerce and mobile device, the company said in a press release on Monday...

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Cybersource Enables ApplePay, Visa Checkout and PayPal
Cybersource Enables ApplePay, Visa Checkout and PayPal
November 04, 2014  |  Apple Pay

Visa’s subsidiaries CyberSource and Authorize.Net said on Monday (Nov. 3) that they’ll be supporting Apple Pay along with Visa Checkout and PayPal as part of...

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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  |  Controversial

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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