December 15, 2016Blog Posts

Visa, MasterCard work together on tokenization for digital wallets

Mobile Payments Today:

Visa and MasterCard have signed an agreement intended to accelerate the adoption of tokens in Visa Checkout and Masterpass, the companies’ respective digital wallets. The reciprocal tokenization agreement enables Visa to request tokenized MasterCard payment credentials from MasterCard for provisioning to Visa Checkout, and for MasterCard to request tokenized Visa credentials from Visa for provisioning to Masterpass.

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