Facebook signs up for Visa Token Service

Facebook joins the Visa Digital Enablement Program — Visa — “Visa today announced that Facebook has joined the Visa Digital Enablement Program (VDEP), which offers a commercial framework to make it easier for partners to access Visa’s token services and other digital capabilities globally. Facebook will use the Visa Token Service to help accelerate the availability of secure, payment-enabled services through its digital properties.”


The Clearing House to secure real-time payments system with tokenization

Mastercard and The Clearing House partner on tokenization solution — Mastercard — “The Clearing House (TCH) and Mastercard announced they are partnering to enable TCH to provision and manage Mastercard-branded tokens on behalf of banks… The Clearing House will launch its card tokenization solution in the next quarter, and is in the process of extending tokenization to other networks it manages, including Real-Time Payments (RTP).”



Mastercard and PayPal form global digital wallet partnership

Mastercard and PayPal expand digital partnership globally — Mastercard — “Mastercard will be presented as a clear and equal payment option within the PayPal Wallet, making Mastercard and their issuers easily identifiable to the consumer when transacting… PayPal will have the opportunity to expand its presence at the point of sale by utilizing tokenization services from Mastercard, allowing consumers to use their tokenized Mastercard in their PayPal Wallet to make in-store purchases.”


X9 publishes new ANSI tokenization standard

ASC X9 publishes new tokenization standard that enhances security of payment card data in data breaches — X9 — “The Accredited Standards Committee X9 Inc (X9) announced the publication of X9.119 Protection of Sensitive Payment Card Data – Part 2: Implementing Post-Authorization Tokenization Systems. This new ANSI standard defines the minimum security requirements for implementing tokenization in systems that operate after a payment has been approved, to protect sensitive payment card data from data breaches.”



Rambus provides insight into the new EMVCo tokenization specifications

What EMV tokenization 2.0 means for the payments industry — Rambus — PARTNER NEWS — “One particularly positive development is the inclusion of a common set of definitions and terminology in the framework. This may sound simple, but it gives the ecosystem a way to communicate effectively and avoid confusion and delays. Players can now easily understand both the similarities and differences in supporting and implementing EMV tokenization with each of the international and domestic payment schemes.”



Visa moves to kill PINs by pushing Aussie banks towards biometric authentication

Visa moves to kill PINs by pushing Aussie banks towards biometric authentication — The Australian Financial Review — “A new Visa security roadmap outlines a four-year process for Australian banks to adopt new standards for e-commerce transactions, designed to streamline the purchasing process and reduce fraud, while implementing new information-sharing practices and tokenization technology.”


Bank of America and PayPal partner to enable in-store payments and account linking

Bank of America and PayPal partner to enable in-store payments and account linking — Bank of America — “Bank of America will partner with PayPal to tokenize Bank of America cards for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US. This will support PayPal’s forthcoming NFC mobile wallet experience to enable in-store tap-to-pay purchases and reflects Bank of America’s open wallet strategy.”





EMVCo-specified universal QR code to be introduced in 4Q17

EMVCo-specified universal QR code to be introduced in 4Q17 — Digitimes — “EMVCo is specifying a universal QR code to facilitate tokenized mobile payments, and the global standard QR code is expected to be introduced to the Taiwan market in the fourth quarter of 2017, with prevailing use to kick off by the end of 2018 at the earliest, according to Visa Taiwan country manager Macro Ma.”








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