Tokenization
Tokenization
Tokens replace the actual card providing greater control and security of the sales / purchase transactions in addition to enabling new forms of payment.
- User holding the actual card data requests tokenken, specifying usage restrictions.
- The system checks the user's permissions and if they can tokenize the card.
- The token is created by the system and returned to the user.
- The token behaves exactly like a card, and can be used in conventional systems, such as buying over the internet.
