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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 intrinsic or exploitable meaning or value. The token is a reference (i.e. identifier) that maps back to the sensitive data through a tokenization system.
This is the standard type of tokenization to protect payment information, where the token is used to process payments without providing card numbers or other data. Vaultless tokenization.
Google Pay (formerly Android Pay) is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Users can authenticate via a PIN, passcode, or biometrics such as 3D face scanning or fingerprint recognition. [1]
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council , and its use is mandated by the card brands.
Tokenization’s impact Bank of America teamed up with Mastercard and PULSE networks to deliver an engaging keynote address about the rapid evolution of payment tokenization. At its core, tokenization is security-driven because it replaces sensitive card information with a unique digital identifier that is fraud-resistant.
Tokenization may refer to: Tokenization (lexical analysis) in language processing; Tokenization in search engine indexing; Tokenization (data security) in the field ...
The U.S. Treasury's payment system won't be touched by Elon Musk's government efficiency team, Treasury Secretary Scott Bessent told Fox Business on Wednesday, adding that any decisions to stop ...
A payment processor is a system that enables financial transactions, ... Tokenization can be either local (on the merchant's system) or remote (on the service ...