Tokenization is a process by which sensitive data is replaced with unique identification credentials that retain all essential information about the data without exposing said sensitive data to attacks. While traditional payment methods pass critical identification information through several points, tokenization minimizes the amount of data a business needs to keep on hand. Becoming popular with small and mid-sized businesses since it can strengthen the security of credit card and e-commerce transactions while keeping costs low, tokenization can expand beyond the world of payments.
Download this eBook to:
- Learn about EMVCo’s Tokenization 2.0 documentation and the upgrades it brings
- Discover uses of Tokenization outside of mobile payments, namely in securing identity
- How Tokenization and Blockchain technologies can complement each other