What is a credit card token?

The result - a (credit card) token - makes it impossible for anybody to misuse sensitive information, as the tokenization algorithm ensures that the data is unable to be traced back to its original source.

What is credit card tokenization?

Merchants can use credit card tokenization to replace a customer’s actual card data with a token: a completely randomized alphanumeric character string. With tokenization, merchants can safely obtain a token and pass it back to a “table” that holds actual credit card data without ever exposing a customer’s real payment card information.

What is visa token service?

Tokenization Visa Token Service, a new security technology from Visa, replaces sensitive account information, such as the 16-digit account number, with a unique digital identifier called a token. The token allows payments to be processed without exposing actual account details that could potentially be compromised.

Why should businesses use tokens instead of card information?

If someone were to access the token, they wouldn’t be able to use it to make fraudulent purchases since it doesn’t contain the real payment details. By using tokens instead of actual card information, businesses can provide a secure and seamless payment experience for their customers while reducing the risk of data breaches and fraud.