Tokenization and digitization of payment cards
Today, mobile devices are successfully taking on tasks that had still belonged to other platforms until recently.
One of these tasks is the payment function, where mobile devices with Near Field Communication (NFC)
are becoming an alternative to contactless cards and in-app payments are becoming an alternative to classic ecommerce. Security and user convenience are key requirements when paying in this environment.
Global Payments Europe, therefore, supports technologies that enable issuers to digitize credit cards in the form of tokens, both standard solutions of card associations, such as Mastercard Digital Enablement Service (MDES)
or Visa Token Service (VTS)
and proprietary Host Card Emulation (HCE) solutions.