Tokenization for Secure Payments
Tokenization is a powerful solution that enables issuers to tokenize their payment cards securely and seamlessly. Tokenization replaces sensitive cardholder data with a unique digital identifier, or token, used for payment transactions.
By using tokens instead of actual card data, issuers can significantly reduce the risk of fraud and data breach while providing customers with a more convenient and secure payment experience. Issuers can thus retain control over their payment cards and offer customers more payment options, including mobile wallets, digital payments, and other emerging payment technologies. Overall, issuer tokenization is a key component of modern payment systems and can help issuers meet the changing needs of their customers.
Head of Instant, Retail Payments and Cards
Card schema tokenization service support
Supporting Mastercard MDES, Visa VTS, Amex Tokenization Service, UnionPay PTS, MIR.
Card enrolment into Wallets
Opening opportunities for OEM wallets such as Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay, Huawei Pay, or the bank's own Android-based wallets.
Support of token lifecycle events
All token lifecycle events are initiated and token data is stored in the card issuing solution, which enables self-service capabilities in the bank’s customer-facing apps.