Tokens can be restricted for transactions with a specific mobile device, merchant or transaction type and are worthless if stolen, hacked or intercepted
The process happens in the background and helps facilitate a better consumer experience. It can be run by all participants in the payments ecosystem
Tokenization extends the security of EMV™ 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 can also help prevent fraud by removing sensitive card account information from the payment process.