Tokenization Service for Payment - The Modern Way to Pay

Tokenization for all devices, channels and payment use-cases

​

​One card, multiple payments​

Let's start with a tokenization definition. 

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

And understand its flexibility.

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 payment 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 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.​

Tokenization of credit cards

How tokenization in payment works

What is tokenization in payment?

The tokenization process in detail.

A must-have for payment today

In a world of digital payment, 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 retailers, and from private-label issuers to manufacturers of wearables.​

Tokenization requires less computational power than encryption. This allows the tokenized information to be processed fast and with fewer computer resources. 

It's a key aspect as the volume of payment transactions can be high, and response time needs to be very fast.

An agnostic approach to 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, along with domestic schemes and white label E​MV.

Our solution handles both card digitization and tokenization.

Thales' Trusted Service Hub (TSH)​ allows you to select the 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 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​.

It's your turn