tokenization

Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no extrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system.
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
July 31, 2024  |  Payments Innovation

Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative...

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Thredd CEO Jim McCarthy on How Tokenization Has Changed Payments
Thredd CEO Jim McCarthy on How Tokenization Has Changed Payments
July 29, 2024  |  Real-Time Payments

True seismic shifts in payments occur over the course of years — not months. But, as Jim McCarthy, CEO of Thredd, told Karen Webster, the...

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They Said That: Notable Quotables From the Week of July 8, 2024
They Said That: Notable Quotables From the Week of July 8, 2024
July 12, 2024  |  Payments Innovation

PYMNTS reporters, analysts and writers do dozens of interviews every week to bring you the editorial package that is PYMNTS and PYMNTS Intelligence. While they...

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Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

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Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
June 20, 2024  |  Blockchain

Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger,...

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Deposit Tokens Gain Favor in Commercial Banking
Deposit Tokens Gain Favor in Commercial Banking
June 14, 2024  |  Blockchain

There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century...

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Ripple and Archax Partner on Tokenization of Real-World Assets
Ripple and Archax Partner on Tokenization of Real-World Assets
June 13, 2024  |  Partnerships

Ripple and Archax have extended their existing collaboration, aiming to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the...

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Mastercard to Enable One-Click Online Payments in Europe by 2030
Mastercard to Enable One-Click Online Payments in Europe by 2030
June 11, 2024  |  Mastercard

Mastercard said Tuesday (June 11) that it aims to make the experience of using a card online more like that of using one in store....

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Tokens See Double Duty as Protection From Fraud and Transaction Failures
Tokens See Double Duty as Protection From Fraud and Transaction Failures
June 10, 2024  |  Security & Fraud

Network tokenization, a technology that replaces sensitive payment card data with unique digital identifiers, has been a hot topic of late. Long known as an...

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