Tokenization may be used to safeguard sensitive data involving, for example, bank account information, financial statements or credit card information.

Tokenization is often used in credit card processing. The PCI Council defines tokenization as “a process by which the primary account number (PAN) is replaced with a surrogate value called a token. The security of an individual token relies predominantly on the infeasibility of determining the original PAN knowing only the surrogate value”.

The choice of tokenization as an alternative to other techniques such as encryption will depend on varying regulatory requirements, interpretation, and acceptance by respective auditing or assessment entities. This is in addition to any technical, architectural or operational constraint that tokenization imposes in practical use.

Let Pacific Pay share with you how to implement Tokenization in your processing for a stronger more robust processing system.