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What to Know About Tokenization

Basis Theory

Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption.

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What Is Data Tokenization and How Does It Work?

Stax

Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. In contrast, tokenization does not depend on keys or encryption algorithms, as random data is mapped to and replaces sensitive data.

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Securing Financial Transactions: Best Practices Amidst Cyberattacks on Payment Processors

Segpay

Experts recommend a multi-layered security approach that requires human vigilance and tech solutions. Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). Personal information is personal. Stay informed.