There are many interesting technologies out there and I haven’t blogged much about one of them: tokenization. Why am I talking about tokenization today? Because it was referred to many times by Visa, MasterCard and the card processing firms at Money2020 last week as the key to future transaction security.
So what is tokenization? If I’m honest, it’s talked about a lot but there aren’t many easy to understand descriptions out there. This discussion with Dave Fortney of the Clearing House, in an interview with Computerworld last year, provides a good perspective however: