These unique tokens are randomly generated every time you make a payment. This means your cardholder data and card details are never exposed during the payment process, which adds a layer of protection against data breaches. The tokenized data is a stand-in for sensitive information that communicates where the payment request is being sent from. Payment or credit card tokenization works by replacing a cardholder’s primary account number with a one-time unique identifier (a token). Plus, mobile or digital wallets are actually more secure than physical cards because card information and mobile payments are heavily encrypted and tokenized, meaning that actual card and account numbers are NOT stored within the digital wallet. These digital and mobile wallets can be used to make purchases instead of swiping a physical card at the register. Mobile wallets are digital ways to store credit cards, debit cards, IDs and even gift cards on your digital device(s). We’re here to help! Here’s What You Need to Know: You may have heard people mention their “digital wallet,” or advertise the acceptance of Apple Pay, Samsung Pay, or Google Pay, but you may be wondering what it is, how it works, and if it’s safe.
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