What is tokenization and how does it work?

As a form of encryption, tokenization is a key data privacy protection strategy for any business. This page provides a very high-level view of what tokenization is and how it works. Where Did Tokenization Come From? Digital tokenization was first created by TrustCommerce in 2001 to help a client protect customer credit card information.

What is credit card tokenization?

If your organization accepts credit card payments, tokenization is one of the most secure ways to protect against loss or theft of customer information. But what exactly is credit card tokenization, how does it work, and what are the benefits? What is Tokenization?

Is tokenization a reliable approach for isolation of data in ecosystems?

Therefore, tokenizationblockchain combination has been historically accepted as a reliable approach for isolation of data in ecosystems. Most recently, the applications of tokens have increased in the payments processing industry for storing credit card information without exposing the original data.

What is cryptographic tokenization?

Cryptographic tokenization generates tokens using strong cryptography; the cleartext data element (s) are not stored anywhere – just the cryptographic key. NIST-standard FF1-mode AES is an example of cryptographic tokenization.