Tokenization
Visa Token Service, a new security technology from
Visa, replaces sensitive account information, such as
the 16-digit account number, with a unique digital
identier called a token. The token allows payments to
be processed without exposing actual account details
that could potentially be compromised.
VisaNet Issuer
40
00
CA
RD
12
HOL
34
DE
R
56
01/
NA
1
00
6
ME
90
10
PAN
4000 1234 5600 9010
01/16
CARDHOLDER NAME
Token Vault
5 4
Step 5 Step 4
Visa shares the token with the token requestor With the account issuers
for online and mobile (NFC) payment use. A approval, Visa replaces
payment token can be limited to a specic mobile the consumers PAN with
device, eCommerce merchant or number of a unique digital identier
purchases (say, a limit of ve) before expiring. (the token).
1 PAIR JEANS
$ 27.00
Checkout
946
936
Checkout
2 PIZZAS
$20.00
4000
1234
CARDHOL
5600
DER 01/16
NAME
9010
Pizza Delivery
PAY NOW
1 PAIR JEANS
$ 27.00
4000 1234 5600 9010
01/16
CARDHOLDER NAME
PROCEED TO 1
CHECKOUT 2 PIZZAS
$20.00
1 Payment initiated
The consumer initiates a payment
2 Merchant sends token to acquirer
Depending on the commerce environment, the digital
online, in-store or in-app. payment service provider (e-wallet, eCommerce
merchant or app) passes the token to the acquirer
as part of an authorization request.
Acquirer
6 Transaction completed
The token and payment
authorization are routed back to
the merchant's bank, the acquirer.
VisaNet
61,802,000,000
Issuer
Source: Visa