Resources
See latest resources ยป
Token payments

Token payments

Source: Federal Reserve Bank of Boston

The Federal Reserve Bank of Boston explores the use of tokenisation in mobile payments security.

One long-standing barrier to achieving a successful mobile payments environment has been the lack of a framework to secure the payment credentials and associated end-to-end transactions. Tokenisation of the payment is one way to address this security gap, enabling the faster adoption of mobile payments by replacing a card's primary account number with a random numerical sequence unique to a specific mobile device, merchant, transaction type, or channel.

To better understand this emergent tokenisation landscape, the authors conducted an industry stakeholder assessment by interviewing 31 organisations, including card networks, large and small financial institutions, payment processors, online payment providers, merchant groups, mobile carriers, mobile wallet solution providers, and standards bodies.

Download the document now 1 mb (PDF File)

Comments: (0)

Research resources
See all Research resources »
Central Bank Digital Currency and Monetary Policy
/research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.

Data in the payments industry
/research

Data in the payments industry

The UK's Payment Systems Regulator starts a conversation on how data is used in payment systems and explores the potential barriers to its objectives.

Conversational commerce
/research

Conversational commerce

Mastercard previews the new opportunities for payments arising from advances in natural language processing and conversational commerce.