tokenization

Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no extrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system.
Marqeta Becomes Issuer-Processor for Varo Bank
Marqeta Becomes Issuer-Processor for Varo Bank
August 06, 2024  |  Partnerships

Card issuing platform Marqeta has been named issuer-processor for online bank Varo. “Varo selected Marqeta for its ability to combine sophisticated virtual, tokenized and physical card-issuing technology with...

READ MORE >
Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
Tokenization’s Rise Offers New Ways to Monetize Data and Real World Assets
August 01, 2024  |  Payments Innovation

The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The...

READ MORE >
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
July 31, 2024  |  Payments Innovation

Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative...

READ MORE >
Thredd CEO Jim McCarthy on How Tokenization Has Changed Payments
Thredd CEO Jim McCarthy on How Tokenization Has Changed Payments
July 29, 2024  |  Real-Time Payments

True seismic shifts in payments occur over the course of years — not months. But, as Jim McCarthy, CEO of Thredd, told Karen Webster, the...

READ MORE >
They Said That: Notable Quotables From the Week of July 8, 2024
They Said That: Notable Quotables From the Week of July 8, 2024
July 12, 2024  |  Payments Innovation

PYMNTS reporters, analysts and writers do dozens of interviews every week to bring you the editorial package that is PYMNTS and PYMNTS Intelligence. While they...

READ MORE >
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
Discover: Tokenization Removes Friction for Card-Not-Present Transactions
July 10, 2024  |  Payments Innovation

Maybe there’s one bit of stolen digital information fraudsters can’t make use of: tokens. Calling them “the magic behind payments,” Valeri Vanourek, vice president of...

READ MORE >
Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
Inside Deutsche Bank’s Pilot to Use Blockchains to Manage Tokenized Assets
June 20, 2024  |  Blockchain

Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger,...

READ MORE >
Deposit Tokens Gain Favor in Commercial Banking
Deposit Tokens Gain Favor in Commercial Banking
June 14, 2024  |  Blockchain

There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century...

READ MORE >
Ripple and Archax Partner on Tokenization of Real-World Assets
Ripple and Archax Partner on Tokenization of Real-World Assets
June 13, 2024  |  Partnerships

Ripple and Archax have extended their existing collaboration, aiming to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the...

READ MORE >