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Security

Basis Theory Becomes Nacha Preferred Partner for Data Tokenization and Encryption | Nacha

“Basis Theory today became a Nacha Preferred Partner for Data Tokenization and Encryption. As a Nacha Preferred Partner, Basis Theory joins a select group of innovators recognized for offering products and services that align with Nacha’s strategies to advance the ACH Network. Basis Theory helps ACH originators provide data protection and risk management that help […]
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Security

U.S. Payments Forum Publishes Resource Providing Solution Options, Stakeholder Considerations for Card-on-File Tokenization

“Tokenization has been a key investment in the payments industry for increased security at various points of the transaction lifecycle. The U.S. Payments Forum today released a resource that provides an overview of different card-on-file tokenization solution options and stakeholder considerations for each, including debit routing. The solution configurations discuss the steps followed for provisioning […]
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Security

Worldpay from FIS and Visa Collaborate to Strengthen Digital Commerce Security and Convenience

“FIS ® (NYSE: FIS) today launched its token management service, offering online merchants and partners access to Visa Token Service to protect their payments environment and strengthen their digital commerce strategy. The service provides clients with access to industry-leading tokenization capabilities from Visa, which can help reduce risk of data theft while helping to retain customers […]
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Companies

Adyen and Microsoft Launch Network Token Optimization

“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, expands its collaboration with Microsoft to accelerate payments innovation for both companies with the launch of Adyen Network Token Optimization. Adyen is one of the first payment platforms to enable tokenized payments across multiple schemes and to offer automated […]
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Companies

Mastercard introduces contactless payment on SBI Card App

“Mastercard and SBI Cards & Payment Services Ltd. (SBI Card) today announced the launch of contactless payments on the SBI Card app. This is the first-ever app of a credit card issuer in India to use Mastercard’s tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in […]
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Companies

Visa Token Service Issues Its 1 Billionth Token

“Visa Inc. today announced that the company has now issued more than 1 billion tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help accelerate eCommerce innovation and make payments more secure. Visa Token Service replaces a cardholder’s 16-digit Visa account number with a secure token that protects […]
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Companies

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

“Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon […]
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Security

Ondot To Provide Visa With Tokenization Services Through Its Card App To Support Digital Wallets And eCommerce

“Ondot Systems, the digital card services platform for credit and debit issuers, today announced its collaboration with Visa Token Service, enabling the company to begin tokenizing credential-on-file digital payments on behalf of their clients for an additional level of security. By teaming up with Visa, Ondot is able to provide tokenization services through the company’s […]
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Companies

Visa Token Service to Add 28 New Partners to Strengthen Digital Payment Security Globally

“Visa Inc. (NYSE:V) today announced that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors. These new partners will help make digital transactions more secure by tokenizing both one-time and recurring payments made with Visa credentials. Tokenization replaces a cardholder’s 16-digit Visa account number with a token that only Visa […]