Payment Token

What is Payment Token?

A payment token is a unique digital identifier that replaces sensitive card information, such as the 16-digit primary account number (PAN), during a transaction. It enhances security by ensuring that actual card details are never exposed to the merchant or over the network.

Why It Matters

• Protects sensitive customer data from being compromised in the event of a breach

• Simplifies compliance with security standards like PCI DSS

• Enables secure payments across mobile devices, wearables, and the Internet of Things

• Reduces the risk of fraud by making stolen tokens useless to attackers