Tokenization

Tokenization replaces sensitive payment data with a non-sensitive token that can be used for transactions. The original data is stored securely and mapped to the token.

Tokenization reduces exposure of card numbers and helps limit the impact of data breaches. It is widely used in mobile wallets and card-on-file systems.

Related Terms

EMV

Europay, Mastercard, and Visa

EMV is the global standard for chip-based payment cards and terminals. It uses dynamic cryptographic...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

PCI DSS

Payment Card Industry Data Security Standard

PCI DSS is a set of security standards designed to ensure that all companies that accept, process, s...

Card-on-File

Card-on-file refers to storing a customer's card details with a merchant or payment provider for fut...

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