Tap-to-Tokenize using FloBLE Plus
What is Tokenization
A token is a randomly generated number that is used to hide a customer payment credentials stored in a credit card’s primary account number (PAN). Tokenization replaces the original payment credentials with a secure substitute. This unique identifier, called a Payment Token or Tokenized PAN, cannot be used if stolen as it is just a reference number, which only the bank can map to the customer’s payment credential.
Tokenization for credit cards have been around for a while, although it was recently popularized by the introduction of Apple Pay back in 2014.
