Driven by the launch of platforms such as Android Pay and Samsung Pay, and a sharp increase in consumer demand, the value of mobile payments is projected to top $1 trillion in 2019. However, consumers’ security concerns have been one of the barriers to mainstream adoption. The emergence of tokenization technology as the method for securing mobile payments has been key to alleviating these concerns and contributing to growing consumer demand.
What do banks need to know about this transformative technology?
Download the eBook to answer these questions:
- What is tokenization?
- How does tokenization secure mobile payments?
- Where does tokenization fit in the payments processing chain?
- What is a Token Service Provider?
- Who can become a Token Service Provider?