tokenization

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 extrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system.

From Transactions to Ecosystems: Reimagining the Future of B2B Payments
From Transactions to Ecosystems: Reimagining the Future of B2B Payments
October 08, 2024  |  B2B Payments

It wasn’t too many years ago that a monthlong event to discuss issues, trends and opportunities in B2B payments would have been hard to imagine....

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35% of Cardholders Abandon Merchant After a Card Decline
35% of Cardholders Abandon Merchant After a Card Decline
October 04, 2024  |  Credit Cards

Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network...

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Visa Debuts Tokenized Asset ‘Sandbox’ to Promote Blockchain Integration
Visa Debuts Tokenized Asset ‘Sandbox’ to Promote Blockchain Integration
October 03, 2024  |  VISA

Visa has released a product to help financial institutions issue fiat-backed tokens on blockchain networks. The Visa Tokenized Asset Platform (VTAP), the company announced Thursday...

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Swift Tokenized Transaction Tests Aim to Bridge ‘Digital Islands’
Swift Tokenized Transaction Tests Aim to Bridge ‘Digital Islands’
October 03, 2024  |  Digital Payments

Swift wants to let banks test tokenized transactions on its global messaging network. Beginning next year, financial institutions (FIs) will be able to carry out...

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Visa: Data Orchestration Will Boost Embedded Finance Adoption Globally
Visa: Data Orchestration Will Boost Embedded Finance Adoption Globally
October 02, 2024  |  Alternative Finances

Embedded lending’s usage around the globe has been growing — but as we enter new cycles of technology and seamless interactions, we’ll see more consumers...

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Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
October 01, 2024  |  VISA

After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled...

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Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
September 25, 2024  |  Blockchain

Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a...

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September to Remember for Tokenized Deposits?
September to Remember for Tokenized Deposits?
September 24, 2024  |  Digital Payments

The last days of the third quarter are upon us, the waning days of the month, too. And it’s shaping up to be a September...

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Mastercard Focuses Data Initiative on Business and Customer Intelligence
Mastercard Focuses Data Initiative on Business and Customer Intelligence
September 19, 2024  |  Digital Payments

One of the more reasonant insights from the PYMNTS Intelligence “How The World Does Digital” report can be found in the differences between the countries...

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