token
2 May
Payment gateway software: tokenization as card data security
Today it is hard to imagine payment gateway software without tokenization. Honestly, we don’t know who and when invented what payment service providers and e-merchants now call “token” when speaking of accepting payments by bank cards via the Internet. But we are confident that the task entrusted to that person or group of persons, sounded like this:
“Find a way of providing Internet-based merchants with the ability to write off arbitrary amounts from their buyer’s bank payment cards, without asking to re-enter the card number and other details whenever needed.”
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