Explore how encryption and tokenization work together to protect financial data during transactions.
Tokenized Payments
Reduce fraud, gain share of wallet and meet consumer demand for simpler, more secure digital payments with a complete solution for tokenized payments from Fiserv.
| Service set-up support Easily access guidance, direction and documentation for token service providers plus required issuer enrollment data and assets, enabling issuers to participate in tokenization without making system changes. |
| Enrollment, boarding and go live Get end-to-end support for enrollment activities, including configuration parameters and requests to tokenize BINs; assistance with white-list testing, scheduling and submission of go-live requests and monitoring during the go-live process. |
| Authentication and digital OTP Authenticate token activation through call center support and a self-service digital one-time passcode process to reduce the risk of fraud in digital channels and enhance transaction security. |
| Provisioning notification Create wallet-specific cardholder provisioning notification letters and emails per digital wallet provider and card association requirements, improving cardholder satisfaction with a simple, secure solution that keeps cards in their hands. |
| Authorization and transaction processing Leverage enhanced authorization and processing for tokenized transactions, allowing account and core processors to continue to use existing card and transaction processing logic. |
| Token life cycle management Gain access to issuer guidance on token lifecycle management activities such as token suspension, reactivation and deletion, supporting effective management of tokens across key lifecycle events. |
How tokenization works
Tokenization is the process of replacing the traditional payment card Primary Account Number (PAN) with a unique numeric digital token in transactions.
