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 CEO: Tokenized Credentials Grew 90% From Year Ago Levels 
Visa CEO: Tokenized Credentials Grew 90% From Year Ago Levels 
April 25, 2023  |  Earnings

Visa’s fiscal second quarter shows that new payment flows and B2B loom large, but plenty of room remains to capture the share of consumer payments...

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Visa+ Gives Consumers Option to Send P2P Payments to Anyone
Visa+ Gives Consumers Option to Send P2P Payments to Anyone
April 11, 2023  |  Payment Methods

We’ve all done this dance.   You want to send money to another person — you have a Venmo account, but they don’t. They have a...

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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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