How Tokenization Works

The tokenization process improves the payments experience while providing more secure transactions.

Transaction Processing

Tokenization is the process of replacing the traditional payment card Primary Account Number (PAN) with a unique numeric digital token in transactions.

Transaction processing

Tokenized purchases use contactless communication (typically Near Field Communications (NFC)) as consumers wave their smartphones or devices over merchant point-of-sale terminals.

Fiserv has enhanced internal systems and processes to support tokenized payment transactions through existing technology and a standard methodology. Fiserv-processed issuers can participate in tokenization without making system changes, and account/core processors can continue to use existing card and transaction processing logic. Near Field Communications (NFC)

Learn Why You Should Offer Digital Wallets

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For more information on How Tokenization Works and other Fiserv solutions, call us at 800-872-7882 or contact us.