Tokenization

The Clearing House has become one of the first Mastercard-certified, third-party token service providers on behalf of issuing banks.

In the wake of the massive data breach at Equifax, some are calling for tokenization of all data that has the potential to be stolen by fraudsters.

It's not just Equifax that needs to worry. The incident can and should be a turning point for the financial services industry, a warning that it needs to end its reliance on static personal identifiers.

If tokenization can help us recapture liquidity not only for currencies, but by digitizing the value of all assets, time and work in a more flexible, fair exchange, that’s exciting, writes Jason English, vice president of protocol marketing for Sweetbridge.

As the digital age reduces the wear on physical cards, how is it that some consumers are requesting new cards more frequently?

A "smart" token is a regular token on steroids, transmitting the information needed to authorize the transaction together, including enhanced counterpart identity, transaction and invoicing data, writes Marten Nelson, vice president and co-founder of Token.

As the digital age reduces the wear on physical cards, how is it that some consumers are requesting new cards more frequently?

Some merchants, issuers and processors are concerned that the card brands will tout their "ownership" of payment card prefixes as a basis for requesting that mobile transactions on their cards be routed to their networks and screened through tokenization services they provide.

The plastic card is an aging tool in payments, but there's still room for innovation in its design and features. Here are a few new concepts that favor technology and style as differentiators.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.