Tokenization helps answer the market need for secure, convenient mobile payments that make day-to-day transactions easy and worry-free.
Tokenization is the process of replacing the traditional payment card Primary Account Number (PAN) with a unique numeric digital token in transactions.
Tokens are linked to specific devices and are worthless if stolen, hacked or intercepted
The process happens in the background and helps facilitate a better consumer experience
Tokenization extends security into digital channels, reducing the potential for fraud and removing the inconvenience and cost of lost and stolen cards
Simplify the purchasing experience for consumers by largely eliminating the need to enter and re-enter the account number when purchasing on a mobile device, such as a smartphone. Tokens also help prevent fraud by removing sensitive card account information from the payment process.
Our complete solution for tokenized payments includes:
For more information about tokenized payments solutions from Fiserv, please contact us at 800-872-7882 or email us at firstname.lastname@example.org.