Tokenization: Everything You Need to Know

by PaymentsJournal 0

Tokens are used in a number of environments to replace and protect the underlying value of credentials. In the payments world, tokenization is primarily used to secure payment card data. This can be done using EMVCo Tokenization for card payment transactions or Payment Card Industry (PCI) Tokenization for card-on-file data, which is stored in merchants’ or acquirers’ systems after a transaction is completed.

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