EMV Tokenization Service for Payment - The Modern Way to Pay

EMV Tokenization for all devices, channels, and payment use-cases

​One card, multiple payments​

Let's start with an EMV tokenization definition. 

EMV Tokenization is the process of digitizing a single physical payment card into several independent digital payment means through tokens.

And understand its flexibility.

EMV Tokenization is extremely valuable in a context where we are using an ever-increasing number of wallets supporting multiple channels and payment use cases.

The same credit card can have as many tokens as the end-user has enabled devices - such as smartphones and wearables, and wallets such as OEM-Pays. 

Besides, as the EMV tokenization is omnichannel, it can be used for in-store, in-app, or online payments. It all depends on the individual usage scenario.

There's more.

Tokens simplify life-cycle management because they can be suspended or deleted for a particular usage or device without impacting any other tokens in use – they are entirely autonomous.​

Credit card tokenization

How EMV tokenization in payment works

• Step #1: When the end user performs a payment online, in-store or in-app, the merchant provides the token and related cryptogram as part of the authorization request to the network.
• STEP #2: Then the Tokenization Platform verifies the validity of the transaction, checks that it is the correct token of the correct wallet or eMerchant.
• STEP#3: It then uses the token vault to convert it back to the primary account number (PAN) and recalculate the related cryptogram, before requesting the transaction authorization from the issuer. 

What is EMV tokenization in payment?

The EMV tokenization process in detail.

A must-have for payment today

In a world of digital payment, EMV tokenization is more than mainstream: It's a must-have.

Every player in the digital payment flow needs token technology: from payment card-issuing banks to payment processors, from domestic schemes to eMerchants, and from private-label issuers to manufacturers of wearables.​

An agnostic approach to EMV tokenization

Deploy your digital payment solution securely and easily with Thales and digitize your complete card portfolio with us. 

Our technology integrates seamlessly with all international payment brands such as Visa and MasterCard and domestic schemes and white label E​MV.

Our solution handles both card digitization and EMV tokenization.

Thales' Trusted Service Hub (TSH)​ allows you to select the EMV tokenization platform of your choice:

• If you're an issuer or a wallet provider planning to digitalize open-loop cards, then use our existing connections to international and domestic scheme TSPs, like VTS for Visa and MDES for MasterCard, or domestic or co-branded cards. If you're focusing on a close loop, then you can rely on Thales' own TSP.
• If you represent a scheme that has yet to define your EMV tokenization platform, then make Thales' TSP your own.

​Why Thales?

Payment cards can be digitized securely and seamlessly into your wallet, the major OEM Pays or other partner wallets, as well as connected devices, using Thales'own TSH.

• We are a trusted partner with strong references and close relationships with all the major OEMs
• We can smooth your deployment, providing one single connection to issuers and/or wallets all over the world.
• We are compliant with all the major payment systems, including Visa and MasterCard, as well as with domestic payment schemes and white label EMV
• Our bank consultants can help you define your payment strategy and implementation.

Thales offers global reach and support​.

More resources on tokenization in payments

• EMVCO- EMV payment tokenisation - latest update of June 2019

• The Payment Card Industry Security Standards Council: PCI DSS compliance

It's your turn