Tokenization has been around for a while. PSPs have implemented proprietary solutions to replace PANs with PSP tokens to increase security. The networks have introduced MDES, VTS and AETS to support contactless payments with smartphones using tokens for mobile wallets. Now the benefits of tokenization are coming to e-commerce payments: merchants can benefit from network tokenization by reaching higher acceptance rates, a better conversion and further advantages in a seamless user experience.
This webinar helps PSPs, acquirers and merchants understand what the benefits and opportunities of network tokenization are. Issuers will learn the slight differences to tokenization for wallets.