Mentioned Companies:

Token Reciprocity for Network Digital Wallets

Visa and Mastercard reached an agreement on December 12, 2016, to connect their respective digital wallets with each other’s token service. Those services replace primary account numbers with representations — tokens — that if stolen cannot be used to obtain authorization for a purchase. The reciprocity agreement allows Mastercard to request tokens for Visa cards from the Visa Token Service and Visa to request tokens for Mastercard cards from the Mastercard Digital Enablement Service. The requested tokens will be provisioned to the Visa Checkout digital wallet or Mastercard’s Masterpas...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


December 2016
Headlines in this Issue
Charts in this Issue

Purchase Transactions on U.S. Consumer Payment Systems

Investments & Acquisitions – November 2016

Telephone, Transportation, Prepaid & Nonpayment Card Shipments 2015

Largest Maestro Issuers Worldwide 2015

U.S. Consumer Payment Systems – Paper, Cards, Electronic