Tag: tokenization

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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