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Bell ID Tokenization in Virtual Reality

Tokenization replaces the need for merchants or digital wallet operators to store personal account numbers (PANs)

Tokenization replaces the need for merchants or digital wallet operators to store personal account numbers (PANs)

Bell ID Tokenization in Virtual Reality

by VR Owl
Bell ID Tokenization in Virtual Reality
Bell ID Tokenization in Virtual Reality
Bell ID Tokenization in Virtual Reality

What is it about?

Tokenization replaces the need for merchants or digital wallet operators to store personal account numbers (PANs). Personal account numbers are protected by replacing them with a unique alternate or dynamic PAN. These tokens can only be used temporarily at a designated channel or merchant; card data obtained from data breaches are therefore useless. It also provides increased control by facilitating card-not-present payments and removing confidential consumer credit card data from the network.

Bell ID Tokenization in Virtual Reality

App Details

Version
1.0
Rating
NA
Size
85Mb
Genre
Business Education
Last updated
April 8, 2016
Release date
April 8, 2016
More info

App Store Description

Tokenization replaces the need for merchants or digital wallet operators to store personal account numbers (PANs). Personal account numbers are protected by replacing them with a unique alternate or dynamic PAN. These tokens can only be used temporarily at a designated channel or merchant; card data obtained from data breaches are therefore useless. It also provides increased control by facilitating card-not-present payments and removing confidential consumer credit card data from the network.

This virtual reality app shows you how tokenization works for mobile payments.

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