What is Visa token provisioning?

19 Dec 2022 By PAYCEC

According to Visa, when a consumer registers their Visa account with a digital payment service provider (such as an online retailer or mobile wallet), the service provider requests a Visa Token ID. Visa may share the token request with the issuing bank, depending on the use case.

Visa replaces the consumer's PAN with the token after receiving approval from the account issuer. It also shares the code with the payment service provider for online and mobile (NFC) payments. Before expiring, a Visa prepaid digital token is only valid for a specific mobile device, e-commerce merchant, or purchase transactions.

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