The growth of tokenization technology use cases for payment transactions is yet another area that complicates customer experience, cost, and fraud dynamics for payments.
CMSPI TOWNHALL SURVEY
Merchants were asked: “Which of these solutions do you use today?”
A survey at CMSPI’s June Townhall on fraud and approval rates found 48.8% of merchants use network tokens as one of their fraud prevention solutions. 6
Real Time Account Updater
31.70%
Batch Account Updater
34.10%
Trusted MID
17.10%
3D Secure
46.30%
Network Tokens
48.80%
Authorization Optimizer
22.00%
Transaction Retries
61.00%
Tokenization is the process of replacing sensitive credentials with a different, non-sensitive value.
6 N = 41
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