19 Dec 2022 By PAYCEC
Tokenization refers to replacing the 16-digit primary account number with a unique code, also known as a token, which enables customers to make payments without disclosing credit card information to merchants.
The Visa tokenization service offers a simple and secure way to transact via mobile devices, thanks to advanced technology. Reduced data breaches, cardholder information protection, and secured digital transactions are all benefits of tokenization.
In future transactions, tokens are going to replace card information, ensuring complete security. In the event of a data breach, criminals cannot access the card data because the tokens stored in the system will be valid for a specific combination of users.
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