Restricted use
A token can be restricted to a device, merchant or payment scenario, reducing the usefulness of compromised payment data.
FinFly Explains / Economy
Payment tokens replace card numbers
EMV tokenisation substitutes an alternative value for the card’s primary account number during payment.
Not a cryptocurrency
This token represents payment credentials in card infrastructure. It is not an investment or an ownership claim.
Security still needs judgement
FinFly’s takeaway: protecting credentials does not establish merchant honesty. Check the amount and recipient; a digital wallet is no reason to approve an unfamiliar request.
Method
Primary sources
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