Everything you need to know about tokenisation (Infographic)

hand holding a samsung galaxy phone using the samsung pay payment service whilst another person holds the POS terminal

With the rise of mobile payment services such as Apple Pay and Samsung Pay becoming appealing options to consumers, tokenisation technology is gaining traction amongst companies and consumers alike.

The process, which involves replacing traditional payment card account numbers with unique digital tokens for online and mobile transactions, has very appealing security features . The replacing tokens allow payments to be made without revealing account details that could have otherwise been compromised.

This infographic from Visa breaks down the way the tokenisation process works, as well as how and where the tokens are used.

visasecurity_tokenization_infographic_v59_visa-checkout

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image of samsung phone being held near a contactless-enabled POS terminal showing the new Samsung Pay mobile payment service

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