“Very Good Security (VGS), the modern standard for secure storage, exchange, and optimization of the world’s payment data, today announced that the VGS Payment Optimization suite now offers Network Tokens, a new feature that enhances the security of payment transactions while minimizing fraud and improving approval rates. A network token is a unique randomly generated identifier issued and unlocked only by a card network such as Visa or Mastercard. This secure token can then be used in lieu of a primary account number (PAN), enabling the processing of payment transactions without exposing sensitive card account data.”

“Basis Theory today became a Nacha Preferred Partner for Data Tokenization and Encryption. As a Nacha Preferred Partner, Basis Theory joins a select group of innovators recognized for offering products and services that align with Nacha’s strategies to advance the ACH Network. Basis Theory helps ACH originators provide data protection and risk management that help improve ACH transaction quality.”

“Tokenization has been a key investment in the payments industry for increased security at various points of the transaction lifecycle. The U.S. Payments Forum today released a resource that provides an overview of different card-on-file tokenization solution options and stakeholder considerations for each, including debit routing. The solution configurations discuss the steps followed for provisioning and transaction processing, the technical implementation, and debit routing support.”

“Antelop Solutions has introduced a unified issuer token service provider hub that enables banks to simply and securely manage every stage of the digital card issuing and management process, from card enrolment to token lifecycle management. Designed to simplify and accelerate the launch of Apple Pay, Google Pay and digital card offerings, the new Issuer TSP (iTSP) hub takes “a holistic approach to a digital card experience”, allowing banks to “reduce time to market and costs through a simplified and flexible integration”.”

“FIS ® (NYSE: FIS) today launched its token management service, offering online merchants and partners access to Visa Token Service to protect their payments environment and strengthen their digital commerce strategy. The service provides clients with access to industry-leading tokenization capabilities from Visa, which can help reduce risk of data theft while helping to retain customers through uninterrupted commerce and enhancing card not present authorization rates.”

“Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual card details with an unique alternate code called the ‘token’, which shall be unique for a combination of card, token requestor and identified device. Instead of using actual card details, this token is used to perform card transactions in contactless mode at point of sale(POS) terminals, quick response(QR) code payments.”

“By generating temporary personal account numbers (PANs), or payment tokens, the Rambus solution is a modular platform that combines tokenization with host card emulation to enable payment issuers and processors to securely perform a wide variety of roles in the payment process. Using HCE and tokenization, BIBD will enable their cardholders to securely pay using their mobile app.”

“Rambus Inc. (NASDAQ: RMBS) and American Express Australia today announced a new collaboration to help merchants enrich and secure e-commerce and m-commerce transactions with tokenization. Rambus Token Gateway will enable global online merchants, payment service providers and acquirers to quickly and securely connect to the American Express Token Service and tokenize card-on-file e-commerce transactions. With this collaboration in place, Rambus is the first solution provider to offer an off-the-shelf retail token gateway solution with American Express embedded.”

“Visa Inc. (NYSE:V) today announced the commercial expansion of the Visa Token Service for credential-on-file (COF) token requestors, marking a major milestone towards further securing consumer payments in the digital channel. With this expansion, acquirer gateway and technology partners Adyen, AsiaPay, Braintree, Checkout.com, Cherri Tech, CyberSource, Elavon, Ezidebit, eWAY, Fit-Pay, Giesecke & Devrient, PayPal, Payscout, Rambus, SafeCharge, SecureCo, Square, Stripe, Worldpay and YellowPepper are or will soon be able to tokenize credential-on-file digital payments on behalf of their merchant and payment clients.”

“This certified solution enables token requestors like online merchants, payment service providers and acquirers globally to quickly and securely connect to the Visa Token Service to tokenize card-on-file e-commerce transactions.”

“Rambus Inc. today announced that its Token Gateway for e-commerce solution is one of the first to be qualified under the “Visa Ready” for Tokenization program. This certified solution enables token requestors like online merchants, payment service providers and acquirers globally to quickly and securely connect to the Visa Token Service to tokenize card-on-file e-commerce transactions.”

“Rambus Inc. (NASDAQ: RMBS) today announced the launch of its Payment Account Tokenization solution to secure account-based transactions, such as automated clearing house (ACH) and real-time payments. The solution will enable central banks and clearing houses to replace sensitive account numbers with unique tokens and reduce the impact of fraud for transactions including direct credit, direct debit and person-to-person (P2P) payments.”