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November 29, 2023

On the web

March 29, 2022

On the wires

Very Good Security (VGS) Extends VGS Payment Optimization With Network Tokens

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.”

October 4, 2021

On the wires

Basis Theory Becomes Nacha Preferred Partner for Data Tokenization and Encryption | Nacha

“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.”

April 26, 2021

On the wires

U.S. Payments Forum Publishes Resource Providing Solution Options, Stakeholder Considerations for Card-on-File Tokenization

“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.”

February 17, 2021

On the web

Antelop Launches One-stop Token Service Provider Hub for Digital Card Issuers • NFCW


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”.”

December 10, 2020

On the wires

Worldpay from FIS and Visa Collaborate to Strengthen Digital Commerce Security and Convenience

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.”

Adyen and Microsoft Launch Network Token Optimization

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, expands its collaboration with Microsoft to accelerate payments innovation for both companies with the launch of Adyen Network Token Optimization. Adyen is one of the first payment platforms to enable tokenized payments across multiple schemes and to offer automated optimization of the use of tokens to increase authorization rates. By adopting Network Token Optimization, merchants like Microsoft are able to realize significantly more revenue due to increased authorization rates.”

November 25, 2020

On the wires

Mastercard introduces contactless payment on SBI Card App

“Mastercard and SBI Cards & Payment Services Ltd. (SBI Card) today announced the launch of contactless payments on the SBI Card app. This is the first-ever app of a credit card issuer in India to use Mastercard’s tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in mobile devices. With this service in place, SBI Card Mastercard cardholders need not carry physical cards and can transact at any contactless point of sale terminal using their mobile.”

June 23, 2020

On the wires

Visa Token Service Issues Its 1 Billionth Token

“Visa Inc. today announced that the company has now issued more than 1 billion tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help accelerate eCommerce innovation and make payments more secure. Visa Token Service replaces a cardholder’s 16-digit Visa account number with a secure token that protects the underlying card number from fraudsters.”

June 17, 2020

On the wires

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

“Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon will begin using Mastercard tokens for transactions through 2020.”

June 4, 2020

On the wires

Ondot To Provide Visa With Tokenization Services Through Its Card App To Support Digital Wallets And eCommerce

“Ondot Systems, the digital card services platform for credit and debit issuers, today announced its collaboration with Visa Token Service, enabling the company to begin tokenizing credential-on-file digital payments on behalf of their clients for an additional level of security. By teaming up with Visa, Ondot is able to provide tokenization services through the company’s Card App interface in order to support the use of Visa cards through digital wallets.”

May 13, 2020

On the wires

Visa Token Service to Add 28 New Partners to Strengthen Digital Payment Security Globally

“Visa Inc. (NYSE:V) today announced that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors. These new partners will help make digital transactions more secure by tokenizing both one-time and recurring payments made with Visa credentials. Tokenization replaces a cardholder’s 16-digit Visa account number with a token that only Visa can unlock, protecting the underlying card number from fraudsters.”

December 16, 2019

On the web

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

FinTech Futures

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds to ten or less. “As financial cooperatives, credit unions are more inclined to work together than their bank counterparts in order to best serve their members’ needs,” said John Ainsworth, president and CEO of CULedger.”

January 8, 2019

On the web

RBI issues guidelines for tokenisation of card transactions

Live Mint (India)

“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.”

December 7, 2018

On the wires

Bank Islam Brunei Darussalam Chooses Rambus to Secure Mobile 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.”

October 25, 2018

On the wires

American Express and Rambus Join Forces on Secure Global E-commerce Tokenization

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.”

October 18, 2018

Top Post

Episode 80 – Talking Tokenization – Glenbrook’s Russ Jones

Payments on Fire podcast

“Glenbrook will be conducting an Insight Webinar on December 13 called Tokenization Fundamentals. Russ Jones will conduct that webinar. In this Payments on Fire podcast, George talks with Russ about issuer tokenization, its role in the Pays (Apple Pay, Google Pay, Samsung Pay), in e-commerce, and the need for new entities in the payments ecosystem to support tokenization. This gets complicated. There’s now the need for token gateways.”

October 17, 2018

Top Post

Visa Unveils New Partners on Tokenization to Help Increase Payment Security and Reduce Effects of Data Breaches

“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, StripeWorldpay and YellowPepper are or will soon be able to tokenize credential-on-file digital payments on behalf of their merchant and payment clients.”

September 24, 2018

Top Post

Industry Perspectives on the Evolution of EMV Payment Tokenization

Boston Fed

“This whitepaper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders. While the paper is focused on payment tokenization, merchants have used security tokenization for many years to protect their customer payment account data. “

September 13, 2018

On the wires

September 12, 2018

On the wires

May 9, 2018

On the wires

Rambus Makes Real-time Payments Safer With Payment Account Tokenization

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.”

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