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.

BIS: 93% of Central Banks Working on Digital Currencies
BIS: 93% of Central Banks Working on Digital Currencies
July 10, 2023  |  CBDC

A new Bank of International Settlements (BIS) survey shows the increasing popularity of central bank digital currencies. The survey, released Monday (July 10), found that the share of central...

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Mastercard Says Value of Blockchain Tech in Payments Has Yet to Be Unlocked
Mastercard Says Value of Blockchain Tech in Payments Has Yet to Be Unlocked
July 03, 2023  |  Blockchain

Money movement is moving into the future at a rapid clip. But are central banks, enterprise organizations, consumers, and merchants ready for a new era...

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FreedomPay to Integrate Visa’s Network Tokenization Capabilities
FreedomPay to Integrate Visa’s Network Tokenization Capabilities
June 23, 2023  |  Partnerships

FreedomPay will integrate Visa’s network tokenization capabilities with its own global identity and tokenization framework. This integration will enable network tokens across card brands, help merchants remain compliant with...

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PYMNTS Intelligence: The Value of Vaults to Merchants
PYMNTS Intelligence: The Value of Vaults to Merchants
June 20, 2023  |  Payments Innovation

One of the biggest pain points for both consumers and merchants is expired payment credentials. With card life-cycle management solutions, vaults can ease that pain...

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Payment Vaults and Tokenization Keep Card-on-File Details ‘Evergreen’ 
Payment Vaults and Tokenization Keep Card-on-File Details ‘Evergreen’ 
May 25, 2023  |  Payments Innovation

As businesses and households embrace subscriptions and recurring payments, their payment service providers must adopt new approaches to keeping payment details on file. “No one...

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Ripple Buys Crypto Custody Firm Metaco for $250 Million and Expands to Tokenization
Ripple Buys Crypto Custody Firm Metaco for $250 Million and Expands to Tokenization
May 17, 2023  |  Cryptocurrency

Enterprise crypto company Ripple has acquired Swiss digital asset custody provider Metaco for $250 million.  The deal, announced Wednesday (May 17), will help Ripple tap into an institutional crypto custody market...

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Visa CEO: Tokenized Credentials Grew 90% From Year Ago Levels 
Visa CEO: Tokenized Credentials Grew 90% From Year Ago Levels 
April 25, 2023  |  Earnings

Visa’s fiscal second quarter shows that new payment flows and B2B loom large, but plenty of room remains to capture the share of consumer payments...

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Visa+ Gives Consumers Option to Send P2P Payments to Anyone
Visa+ Gives Consumers Option to Send P2P Payments to Anyone
April 11, 2023  |  Payment Methods

We’ve all done this dance.   You want to send money to another person — you have a Venmo account, but they don’t. They have a...

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Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
Payments Vaults Evolving as Retailers Prioritize a Secure Consumer Experience
February 16, 2023  |  Security & Fraud

Payments vaults are moving to the forefront of many businesses’ customer experience strategies. Joseph Meuse, vice president of product management at Spreedly, told PYMNTS in...

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