HOW TOKENS ARE USED

As consumers increasingly shop with connected devices, the need for a seamless and secure digital payment experience becomes crucial. Without exposing the consumer’s account to fraud, tokenisation enables frictionless, card-free payments in digital commerce environments. ONLINE IN-STORE IN-APP

Making ecommerce purchases is becoming commonplace. Tokenisation provides online retailers with an innovative and secure way of handling payments

THE PROCESS

Payment initiated:

The consumer initiates a payment online, in-store or in-app Merchant sends token to acquirer: Depending on the commerce environment, the digital payment service provider (e-wallet, ecommerce merchant or app) passes the token to the acquirer as part of an authorisation request

Acquirer routes the token:

The acquirer receives the token and routes it to Visa’s network to begin processing the transaction

Visa sends token to card issuer:

Visa sends the token, along with the payment card details, to the issuer for authorisation Tokenisation provides a secure way for consumers to make in-store payments by simply waving their device near the payment terminal The ability to pay with Visa is increasingly embedded in innovative mobile applications that make it even easier to pay for your transaction on the go