Leandro Garcia, Visa’s Executive Director of Solutions for Digital Payments, explains how Visa tokens facilitate the secure and reliable management of substantial payment flows for issuers and merchants. He emphasizes that the increasing adoption of this technology not only enhances consumer experience but also significantly boosts security for online purchases.
As we already mentioned in CNF, tokenization technology, which replaces the 16-digit number of a credit or debit card with a unique and secure “token,” represents innovation for Visa. Each token is unique to each device, website, or application and is stored in a secure environment. Retailers can access the token solely for payment purposes, and storage is allowed only with the consumer’s consent.