Tokenization
Tokenization replaces sensitive payment data with a non-sensitive token that can be used for transactions. The original data is stored securely and mapped to the token.
Tokenization reduces exposure of card numbers and helps limit the impact of data breaches. It is widely used in mobile wallets and card-on-file systems.
Related Terms
EMV
Europay, Mastercard, and Visa
EMV is the global standard for chip-based payment cards and terminals. It uses dynamic cryptographic...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
PCI DSS
Payment Card Industry Data Security Standard
PCI DSS is a set of security standards designed to ensure that all companies that accept, process, s...
Card-on-File
Card-on-file refers to storing a customer's card details with a merchant or payment provider for fut...
Need to convert bank statements to spreadsheet format? Try our bank statement converter to easily export your transaction data to Excel or CSV.
The best offline currency converter.
Built for travelers.