19 Dec 2022 By PAYCEC
Yes, it does. The Visa Token Service substitutes an individual digital identifier that acts as a token for personal account information found on credit cards. While the tokenized card connects to the user's mobile wallet application and smartphone, it will digitally process payments and keep account details secure.
“Tokenization is the lynchpin of Visa’s strategy in a commerce ecosystem that is increasingly influenced by connected devices,” Jordan McKee, senior accessibility analyst at 451 Research said. “Visa will inevitably bring the Visa Token Service to all geographies where it has a presence in hopes of enhancing the security of every digital transaction that involves a Visa card.
“Tokenization brings heightened security and ease of use to consumers, thus removing critical hurdles on the path to adoption of mobile payments.”
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.