Tokenization is a modern and trusted technology in the digital payment industry that brings together both convenience and security for every customer. Today we are going to learn about tokenization, the revolution it is bringing into the financial system, and why it is a need for digital wallet solution providers.
The increased use of mobile has increased the use of the internet & online shopping across the globe. This led to an increase in fraudulent activities which has resulted in a challenge for the credit/debit card industry. Identity theft, affiliate and clean, phishing, pagejacking, counter-attacks, merchant and triangulations are some shouting threats and frauds for businesses and customers both.
Tokenization helps ensure the continuity of customer experience, protects businesses from the negative financial impact of data theft and maintains fraud prevention levels. With the promising result that the tokenization solution has delivered so far, it is one of the most trusted technologies used by existing and new businesses.
READ MORE : Strengthening data and payment processing security with Tokenization Technology
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