Tag: tokenization

Thoughts From the 2019 Seamless Conference

Seamless seems to miss the point, or does it?! From an unusually cloudy Dubai and as the sun (or lack thereof) sets on the latest iteration of the Middle East’s leading Payments and eCommerce conference, one is left wondering if this year, again, our industry has missed the point. Bringing together the regions’ leading lights…

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How Payment Tokenization Provides Great Service And Prevents Fraud

New Currency Technology With trust, user experience and security becoming the new currencies with which to buy consumer loyalty, banks are increasingly turning to Fintech partners and their technological solutions in the fight to provide great service and tackle things like payments fraud through payment tokenization. The payments landscape is ever-changing, driven by consumer behaviors,…

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Tokenization is not enough: Ensuring secure mobile payments using dynamic issuance with on-device security and management

HCE cloud-based mobile payments have opened a new chapter in the industry’s thinking around security of card data on-device and the risk management associated with it.  The lack of secure element hardware storage on-device creates the need for strong software based solutions to mitigate the risk of storing sensitive card data on phone memory. Tokenization…

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What is tokenization?

At its root, a token is something with low value representing something with high value; just as a casino chip represents cash. In electronic payments, tokenization is being used to reduce security risks inherent in the collection and transfer of highly sensitive data such as credit card Personal Account Numbers (PAN). In the mobile payments…

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What is Host Card Emulation?

Host Card Emulation (HCE) is the term describing on-device technology that permits a phone to perform card emulation on an Near Field Communication (NFC)-enabled device without relying on access to a secure element. This new technology gained celebrity status this year when Google announced support for HCE in the KitKat OS. Suddenly with Host Card…

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