Cryptocurrency Q&A What is token reference number?

What is token reference number?

Alessandra Alessandra Wed Nov 13 2024 | 7 answers 1231
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? What is token reference number?

7 answers

EthereumElite EthereumElite Fri Nov 15 2024
Each unique primary account number (PAN) associated with a Payment Account undergoes this transformation.

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Sara Sara Fri Nov 15 2024
Instead of using the actual PAN, a Payment Account Reference (PAR) is utilized.

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ethan_lewis_journalist ethan_lewis_journalist Fri Nov 15 2024
The PAR serves as a representation of the PAN.

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Michele Michele Fri Nov 15 2024
Tokenization is a process that involves replacing sensitive information.

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KDramaCharm KDramaCharm Fri Nov 15 2024
It is a non-financial reference value token.

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