tokenization


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tokenization

[‚tō·kən·ə′zā·shən]
(computer science)
The conversion of keywords of a programming language to tokens in order to conserve storage space.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

tokenization

In an EMV-based credit or debit card system, tokenization is the creation of a unique number for a transaction (the token) that is used in place of the customer's primary account number (PAN). See EMV.
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References in periodicals archive ?
TSYS (NYSE: TSS) has enabled tokenization across all of its North American commercial card platforms, the company said.
XBRL US, the nonprofit consortium for the business reporting standard, together with ConsenSys, a blockchain technology company, have a working group dedicated to developing standards for tokenization of assets on the blockchain, the company said.
The program also helps expand the market for tokenization to other companies as they develop new and secure digital payment services and promotes consistency envisioned in the EMVCo token standards.
TD Bank Group (TD) has adopted Visa's global standard tokenization technology for its TD app for the Android operating system, the company said.
BANKING AND CREDIT NEWS-September 3, 2015-Banks prepare for EMV liability shift, tokenization
Financial institutions must recognize that tokenization will span more than just card networks.
Through TSYS Enterprise Tokenization the company's new plug-and-play tokenization solution announced in August, issuers as well as retailers can take full advantage of Apple Pay.