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.

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.
References in periodicals archive ?
With the rise in new payment security capabilities, like chip technology and tokenization, the time is right to remove this step from the checkout experience.
Tokenization keeps sensitive account information safe on the Visa network and away from the mobile device itself.
Card issuers, as well as wallet providers, can rely on Gemalto to help them launch rapidly and massively mobile payments without having to face different security frameworks or complex integration, while benefiting from Mastercard and Visa's tokenization services.
New Alchemy is a strategy and technology advisory and investment group specializing in tokenization.
To be effective in this area, banks, card issuers and merchants must look beyond static passwords and PINs and employ a wider range of countermeasures, including tokenization, end-to-end encryption and biometrics," said Jess Sharp, senior vice president at ABA.
Mozido previously announced that 14 banks within the Taiwan Mobile Payment Co (TWMP) consortium adopted its pioneering HCE tokenization technology with the remaining 12 banks launching later this year.
Tokenization is the security solution that is pushing mobile payments ahead of card payments in consumer sensitive financial information protection in the continuous race to stay ahead of hackers and other threats, according to the ISACA guide.
SAFE: Samsung Pay uses tokenization, Samsung KNOX, and fingerprint authentication to provide secure payments.
com)-- GUSTO, a nationwide leader in enterprise point of sale technology for the fast-casual marketplace, announces a direct integration with Mercury Payment Systems, a Vantiv company (NYSE: VNTV), supporting their end-to-end encrypted solution with tokenization.
Tokenization enables eD-Mobile/Wallet users to generate multiple tokens from the wallet balance, each with a certain fixed amount that can be used for a payment transaction at a different merchant or service provider.
The introduction of Apple Pay last September brought the tokenization data security process to the forefront.
In order to run analytics, the second step is tokenization, where the software tries to split the text into chunks to analyze.