• Icon-SellSafe-Mobile-PaySecurity Technologies

    Tokenization

    Tokenization replaces a traditional card account number with a numerical sequence unique to a specific device, merchant, transaction type or channel. Tokenization, when applied to NFC or EMV payments, is differentiated from other card commerce because account numbers are not stored; instead the token is only valid for the designated transaction.


    Encryption

    With end-to-end encryption, credit card data is encrypted from the moment the card is swiped, while the data is in transit, all the way to authorization. This technology minimizes opportunities for hackers and criminals to access data during purchase.


    Authentication Methods

    Authentication is the process of establishing, and subsequently confirming, a customer’s identity.

    • Biometrics refers to using a person’s unique physical traits  – including face, fingerprints, iris, veins and voice – to confirm identify. Biometrics is a promising security feature and is increasingly being offered by payments companies as an option for consumers. Biometrics make check-out convenient for the consumer, and can significantly reduce fraud.
    • NFC stands for Near field Communication. NFC is a form of contactless communication between devices like smartphones or tablets. Contactless communication allows a user to wave the smartphone over a NFC compatible device to pay for goods and services.
    • HCE stands for Host-based Card Emulation. Prior to HCE,  mobile payment systems needed a special piece of hardware, normally in the SIM card, known as the secure element. Host card emulation enables the secure element to be placed in a remote and hosted cloud environment, rather than inside the mobile device.
  • ETA: Payments Secured