This 21-page white paper from Rambus provides a comprehensive guide to tokenization, its implementation and its future development as a payment and security solution.
It begins by explaining in detail how tokenization works within the payments ecosystem as a means of authorizing transactions securely and of significantly diminishing the risk of fraud. It then goes on to describe the different types of tokenization available and their effective implementation in mobile, card and cloud-based payment systems before also identifying use-cases in which tokenization may not always be an appropriate solution.
The paper continues by laying out the role of the token service provider (TSP) and the in-house, processor- or network-level options available to issuers looking to adopt tokenization. It then considers the future of tokenization in relation to EMVCo standardization across mobile and ecommerce security.
This paper has been produced and sponsored by Rambus and has been approved by the NFC World editorial team.
How to access this report
This 21-page document is available free of charge to NFC World Knowledge Centre members (PDF format, 20.9MB).
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This item is part of What's New in Payments.