Tokenization (Data Security)
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information without compromising its security. Tokenization technology can, in theory, be used with sensitive data of all kinds including bank transactions, medical records, criminal records, vehicle driver information, loan applications, stock trading and voter registratio. In the payments industry, Tokenization has become a popular means of bolste...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information without compromising its security. Tokenization technology can, in theory, be used with sensitive data of all kinds including bank transactions, medical records, criminal records, vehicle driver information, loan applications, stock trading and voter registratio. In the payments industry, Tokenization has become a popular means of bolstering the security of electronic transactions while minimizing the complexity of compliance with industry standards and government regulations. Tokenization technology was invented by Shift4 Corporation and released to the public during an industry Security Summit in Las Vegas, Nevada in 2005. The technology is meant to prevent the theft of the credit card information in storage.
