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.
Protecting cardholder data at the point-of-sale is critical, with many merchants struggling with the choice of deploying tokenization or encryption. And throwing EMV into the...