Tokenization

The Visa Tokenized Asset Platform will allow banks to "mint, burn and transfer" tokens as more financial institutions and businesses express interest in how cryptocurrencies and blockchain technology can improve their operations.

The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.

One of the oldest U.S. banks sees innovation as part of risk management, not a discretionary cost.

City National Bank is working with the fintech startup Extend to further boost contactless payments at the point of sale for business employees through the launch of a virtual Visa commercial credit card.

Paying on delivery with tokenization, biometric fingerprint cards, vein scanning or phone-to-phone with a variety of card payment options helps create a universe of consumer choice, convenience, personal preference and better fraud protection, says Radar Payments' Jane Loginova.

The startup said its Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party.

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

Visa is ready to go all-in on Secure Remote Commerce, the technology behind the card brands' universal "click to pay" button, by starting to phase out the Visa Checkout brand for U.S. merchants on Jan. 21.

Bluefin cut its teeth developing point-to-point encryption to protect sensitive payment information from being intercepted by thieves during the transaction process, and now it’s adding tokenization protection for the consumer data merchants keep.

Platforms like Ethereum’s IPFS enable immutable document access, so token issuers and purchasers can provide all necessary financial documents, audits and inspections directly to those who own the token.