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    Seminar MWC Visa Token Service

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    srx dev
    Visa Token Service provides a secure solution for mobile and digital payments using tokenization. Payment tokens replace card numbers and can be used across channels without exposing sensitive data. The service offers a complete platform including a token vault, management tools, and risk assessment. It enables digital wallet solutions on mobile devices to make tap-and-pay transactions at physical merchants using tokens instead of actual card details. Issuers can also leverage the tokenization solution to power their own mobile payment experiences.

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    Seminar MWC Visa Token Service

    Uploaded by

    srx dev
    56 views11 pages
    Visa Token Service provides a secure solution for mobile and digital payments using tokenization. Payment tokens replace card numbers and can be used across channels without exposing sensitive data. The service offers a complete platform including a token vault, management tools, and risk assessment. It enables digital wallet solutions on mobile devices to make tap-and-pay transactions at physical merchants using tokens instead of actual card details. Issuers can also leverage the tokenization solution to power their own mobile payment experiences.

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    Visa Token Service provides a secure solution for mobile and digital payments using tokenization. Payment tokens replace card numbers and can be used across channels without exposing sensitive data. The service offers a complete platform including a token vault, management tools, and risk assessment. It enables digital wallet solutions on mobile devices to make tap-and-pay transactions at physical merchants using tokens instead of actual card details. Issuers can also leverage the tokenization solution to power their own mobile payment experiences.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    56 views11 pages

    Seminar MWC Visa Token Service

    Uploaded by

    srx dev
    Visa Token Service provides a secure solution for mobile and digital payments using tokenization. Payment tokens replace card numbers and can be used across channels without exposing sensitive data. The service offers a complete platform including a token vault, management tools, and risk assessment. It enables digital wallet solutions on mobile devices to make tap-and-pay transactions at physical merchants using tokens instead of actual card details. Issuers can also leverage the tokenization solution to power their own mobile payment experiences.

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    of 11

    Visa Token Service:

    Secure Mobile and Digital Payments

    Brad Greene | Vice President | Visa Inc.


    Andrea Fiorentino | Head of Go To Market | Visa Europe
    Tokenization

    Payment tokens replace the Primary Use of a payment token may be


    Account Number (PAN) found on a Visa restricted by device, merchant,
    card with a unique identifier that can be transaction type or channel
    use to initiate payments without exposing
    cardholder account information

    Payment tokens (EMVCo) enhance the security of mobile and online payments

    02 | Visa Token Service: Secure mobile and Digital payments


    Tokens work anywhere a traditional card works

    Global

    New Secure
    Tokens provide new Experiences

    functionality and enhanced


    cardholder experiences Payment tokens
    Industry standard and
    service
    Interoperable Standards
    based

    New entrants
    03 | Visa Token Service: Secure mobile and Digital payments
    Visa Token Service: A complete solution
    One platform enables a variety of leading digital payment solutions

    Visa Token Vault Token Management Visa Risk Manager Token Requestor
    Tools for Tokens Subscription Manager

    www.visa.com/tokenservice

    04 | Visa Token Service: Secure mobile and Digital payments


    Mobile Payments
    Powered by the Visa Network

    Tokenization Touch in-app Tap in-store


    ID &
    verification

    05 | Visa Token Service: Secure mobile and Digital payments


    Load a card
    Featuring Samsung Pay

    Note: All brand names and logos are the property of their respective owners,
    are used for identification purposes only, and do not imply product endorsement
    or affiliation with Visa

    06 | Visa Token Service: Secure mobile and Digital payments


    Load a Card: Token provisioning and activation

    Consumer adds Device sends data to Samsung requests Visa Risk Manager makes
    1 card to Samsung Pay 2 Samsung 3 token from Visa 4 approval decision
    Token Service

    Mobile device Token requestor Visa Token Service Issuer


    PAN

    Token Token Risk Decisioning


    provisioning (ID&V)

    Samsung provisions
    6 token on device 5 Visa generates and
    delivers payment token
    to Samsung Device

    Source: All brand names and logos are the property of their respective owners, are used for identification purposes only, and do not imply product endorsement or affiliation with Visa

    07 | Visa Token Service: Secure mobile and Digital payments


    In-store payment
    Featuring Android Pay’s
    Enhanced Receipt

    Note: All brand names and logos are the property of their respective owners,
    are used for identification purposes only, and do not imply product endorsement
    or affiliation with Visa

    10 | Visa Token Service: Secure mobile and Digital payments


    Token payment transaction at POS (NFC)

    1 Consumer initiates
    a purchase at NFC
    2 Merchant submits
    token in place of
    3 Acquirer passes
    transaction data
    5 Visa passes PAN and
    token passed to issuer
    terminal PAN to Acquirer and token to Visa for authorization

    Authorization Request

    Consumer Merchant Acquirer Visa Issuer

    Token Token Token PAN+Token

    Authorization Response
    Token PAN

    4 Visa exchanges
    token with PAN
    6 Visa tokenises and
    sends message to
    validates its use acquirer
    Token Vault
    11 | Visa Token Service: Secure mobile and Digital payments
    Issuers can create their own mobile
    payment experience

    Issuer considerations

    • Deliver within their mobile banking apps or offer separate


    wallet apps
    • Launch in countries where 3rd party wallet solutions are not
    yet available
    • Maybe used with any device running KitKat 4.4 or above
    and NFC technology

    Note: All brand names and logos are the property of their respective owners, are used for identification purposes only, and do not imply product endorsement or affiliation with Visa

    12 | Visa Token Service: Secure mobile and Digital payments


    Thank You

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