I'm trying to understand the concept of 'token reference number'. Could someone explain what it is and how it's typically used in the context of, maybe, financial transactions or online payments?
7 answers
EthereumElite
Fri Nov 15 2024
Each unique primary account number (PAN) associated with a Payment Account undergoes this transformation.
Sara
Fri Nov 15 2024
Instead of using the actual PAN, a Payment Account Reference (PAR) is utilized.
ethan_lewis_journalist
Fri Nov 15 2024
The PAR serves as a representation of the PAN.
Michele
Fri Nov 15 2024
Tokenization is a process that involves replacing sensitive information.
KDramaCharm
Fri Nov 15 2024
It is a non-financial reference value token.