Mentioned Companies:

Tokens for Account-to-Account Payments

Tokenization—replacing a sensitive cardholder number with a nonsensitive token­—first made its way into the payment card industry on the issuing side in 2000 with the launch of proprietary technology from Ireland-based Orbiscom. Allied Irish Bank was the first issuer. Mastercard bought Orbiscom in 2009. U.S.-based merchant processor Shift4 was first to use tokenization on the acquiring side in 2005. Shift4 used tokens with merchants that wanted to store cardholder information. Both of these programs predated EMVCo Tokenization Standards, which were not established until March 2014. ...

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


May 2018
Headlines in this Issue
Charts in this Issue

Latin America Market Shares of Purchase Volume 2017

Investments & Acquisitions—April 2018

U.S. Merchant Card Fees 2017

Latin America Market Shares of Purchase Transactions by Brand

Year-Over-Year Growth/Decline in Purchase Volume on Cards Issued in Latin America

Latin America General Purpose Cards 2017 vs. 2016

Second 50 Largest Debit Card Issuers in the U.S. 2017

Consumer ACH Transactions in the U.S. 2017