GS Logo
The Green Sheet, Inc

Please Log in

A Thing
View Archives

View flipbook of this issue

Care to Share?


Table of Contents

Lead Story

Agent playbook on vetting partners

News

Industry Update

MCX, a non-Apple, non-NFC mobile wallet

CFPB gives RTPs more time

Funding options for IADs

Features

Prepaid metering benefits African water needs

The ins and outs of mobile banking for businesses

Views

Guilt by trade association: The crackdown on legitimate law-abiding businesses

Theodore F. Monroe
Attorney at Law

Education

Street SmartsSM:
Are you selling or telling Part 3: Everyone likes to smile

Tom Waters and Ben Abel
Bank Associates Merchant Services

Let's get vertical

Dale S. Laszig
DSL Direct LLC

Managing your ISO during the first year: 10 tips

Aaron Nasseh
Finical Inc.

The benefits of mobile payments

Michael Gavin
Merchant Warehouse

Company Profile

Merchant Cash and Capital LLC

New Products

Tokenization secures all channels

Enterprise Tokenization
Total System Services Inc.

Managed plan for data breaches

Data Incident Management Program
Conformance Technologies

Inspiration

Pedal to the park, not to the metal

Departments

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

September 22, 2014  •  Issue 14:09:02

previous next

New Products

Tokenization secures all channels

Product: Enterprise Tokenization

Rising to the next level in tokenization, Total System Services Inc. (TSYS) introduced Enterprise Tokenization, a service that secures payment card information for transactions across digital wallet, mobile and online channels. According to TSYS, the new offering fits into its Connected Mobility agenda, which includes application programming interfaces and consumer-facing applications that support payments, communications and commerce enterprise wide.

"TSYS is at the forefront of this digital revolution in commerce," said Paul Bridgewater, Group Executive of Global Product at TSYS. "Retailers and consumers alike want to conduct transactions and protect personal data with confidence and security. By putting people at the center of payments, our solution delivers on this promise." To simplify the process, TSYS Enterprise Tokenization offers plug-and-play integration.

Operating on the same principle as other tokenization products, TSYS' solution substitutes a card's Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN while the data is in transit and at rest inside card issuer and retail systems. "The true PAN value associated with the token can be identified at any time with the right decryption keys," TSYS stated. "This preserves the length and format as the original PAN."

Additional benefits of Enterprise Tokenization include:

According to TSYS, with this service consumers are able to register a payment card with a mobile wallet or online store. When a purchase is made, the system replaces the card number with a payment token that is assigned to a particular merchant or wallet provider. The system is suitable for merchants with card-on-file models, where near field communication and chip, quick response or bar code technologies apply.

Enterprise Tokenization is reportedly compliant with all applicable card brand and industry best practice mandates for securing and processing payments using tokens initiated via consumer-controlled devices.

www.tsys.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

previous next

Spotlight Innovators:

North American Bancard | USAePay | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems