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EMV Payment Tokenisation 1729102372

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33 views4 pages

EMV Payment Tokenisation 1729102372

Uploaded by

simsekm79
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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EMV® Payment Tokenisation

Transactions have historically been initiated using


the primary account number (PAN) associated with
a payment card. If the PAN is compromised, it leads
to fraud and customer disruption. EMV® Payment
Tokenisation mitigates these risks by providing
additional controls that limit the risk typically
associated with compromised, unauthorised or
fraudulent use of PANs both in-store and online.

Why is EMV Payment Tokenisation needed?


Payment technologies must be secure
and convenient.
Consumers are increasingly paying in new
ways both in-store and online.
012345

Protecting payment data in transit and at


rest is fundamental.
Reducing the value and limiting the use
of compromised payment information is
critical to protect consumers and businesses.

How does EMV Payment Tokenisation work?


EMV Payment Tokenisation enhances in-store and remote transaction security by
removing the most valuable data to a fraudster within a transaction, the PAN, and
replacing it with a unique alternative value, an EMV Payment Token.
EMV Payment Tokens are by design constrained in how and where they are used
to prevent their use outside of specific defined parameters. For example, an EMV
Payment Token can be provisioned to a specific device, merchant, or for a specific
use case. This reduces the value of payment information stolen in the event of a
data compromise.

More than just a PAN replacement


The presence and application of Token Domain Restriction Controls (TDRC)
is unique to EMV Payment Tokens and critical to transaction integrity and
fraud prevention. They enable the constraint of an EMV Payment Token to
its intended use case(s) or domain(s).

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere.
The EMV® trademark is owned by EMVCo, LLC.
How does EMV Payment Tokenisation
differ from other forms of tokenisation?
Other forms of tokenisation typically do not pass
across payment networks and can happen at
different points within the payment process.
In the merchant environment, for example,
tokenisation can happen between the merchant
and the acquirer. In contrast, EMV Payment
Tokenisation provides end-to-end tokenisation
throughout the transaction, from the cardholder
interaction with the merchant to the issuer.

How are EMV Payment Tokens managed throughout their lifecycle?


Common interfaces ensure that an EMV Payment Token is affiliated with the
correct PAN and can be appropriately managed throughout the lifecycle of
both elements. This enables the PAN and EMV Payment Token to be managed
interdependently to minimise disruption to the cardholder if either needs to
be updated.

The cardholder uses a mobile payment


application and their device is lost / stolen.
The EMV Payment Token associated with
the PAN can be deleted and a replacement
EMV Payment Token issued to a new device
without the need to change the PAN or issue a
replacement payment card.

The cardholder has a card saved ‘on file’ with a


5 6 7 8 9

number of merchants and the underlying PAN


is updated. The payment token associated with
the PAN at each merchant can be linked to the
new PAN without any cardholder input.

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere.
The EMV® trademark is owned by EMVCo, LLC.
Benefits of EMV Payment Tokenisation
EMV Payment Tokenisation offers consumers and merchants the ability to
protect payment data throughout a transaction to support security. This
means that all parties within the payment community can realise the benefits
of this technology.

Enhanced Security Enables Innovation

Reduces the value of stolen Enables the development of


or compromised payments new payment technology and
information. Merchants have scenarios, without impacting
reduced the likelihood of being security, or adding cardholder
targeted by criminals and friction. Consumers and
potentially have reduced costs merchants benefit from the
associated with storing payment convenience provided by the
data. Issuers have fewer card ability to support high value
replacements. transactions.

User Convenience Compatibility

Uses the existing familiar, Provides compatibility with and


convenient and seamless allows the use of other forms of
payment infrastructure to tokenisation such as acquirer
improve security and support and/or security tokens.
innovative new ways to pay.
Consumer behaviour does not
need to change.

Flexibility
Supports all use cases which traditionally have used a PAN.

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere.
The EMV® trademark is owned by EMVCo, LLC.
How can the payment
community use EMV
Payment Tokenisation?
Technical documents and
use case examples provide
a common foundation that
can be adapted to regional or
country-specific implementation
requirements. They are
available, royalty-free from the
EMVCo website. EMV Payment
Tokens can co-exist with other
forms of tokenisation, support
many use cases and are
applicable in any environment
which traditionally have used a
PAN.

What is EMVCo’s role in EMV


Payment Tokenisation?
EMVCo publishes the EMV
Payment Tokenisation technical
documentation and maintains the
registry of Token Service Providers
and Bank Identification Number
(BIN) Controllers. Product or
solution implementation is beyond
EMVCo’s remit.

Learn more - visit the EMVCo Website:


www.emvco.com

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere.
The EMV® trademark is owned by EMVCo, LLC.

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