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Token Management

Creating more secure and convenient digital payments

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EMV tokenization for streamlined payment processes.

With the pace of technology adoption constantly accelerating, digital payments and tokenization have become key enablers allowing banks to stay in the race for innovation. Tokenization benefits both issuers and consumers by increasing approval rates, diminishing transaction time and reducing fraud-related costs while offering convenience, simplified user experience and increased card security.

point of sale token purchase

The future of money is digital

Token-based payments offer similar experiences as regular card-based transactions with enhanced safety and convenience thanks to EMV tokenization. By substituting existing card details with a unique code, tokenization allows cardholders to make digital payments without exposing their bank details and offers them seamless and secure payments with mobile and wearable devices.

 

Tokenisation affords the added advantage of guaranteeing payment continuity even when cards are lost, stolen or expired.

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Benefits of tokenisation

The behind-the-scene tokenization technology offers banks an innovative and differentiating solution empowering them to compete with FinTechs and Neo banks.

 

Tokens significantly reduce the number of risky transaction elements impacting fraud-scoring. This results in higher authorisation approval rates and fewer false declines and keeps banks’ tech-savvy cardholders satisfied.

Token Management

Token Management is a solution for issuing banks to act as an “Issuer Token Service Provider” and enable their cardholders to benefit from token-based payments in stores, in apps and on the web. As a token orchestrator service for ITSP,  Token Management provides a wide range of offerings and options to meet the business needs of our clients.

Why Token Management?

Commercial flexibility

Stand-alone connected to existing Card Management System or sold with other issuing bricks.

Readiness

With Mastercard, Visa; Apple/Google/Samsung/Garmin/Swatch Pay etc., and an ambitious roadmap.

Expertise

1st payment processor in Europe to deliver robust, secure and compliant solutions.

Fully integrated

ITSP offering fully integrated into issuing value chain.

Established and effective connections

With other key components: front office, back office and authentication.

Token management

Full consideration of token management in the cardholder digital journey.

Choose your solution

E-commerce and Card-on-File

One card scheme Visa or MasterCard , 1 country, 1 issuer, 1 deployment phase 

Provisioning/orchestration of cof/ecom token (I-TSP roll)

Automated Card and Token lifecycle management: blocking, renewal, replacement of a card is reflected in real time on the tokens

Business KPI reporting

 

 

Mobile Payment

Links with the schemes (Visa VTS or Mastercard MDES) in a secure and compliant manner (PCI)

OEM-Pay enablement (Apple Pay and Google Pay or Samsung Pay)

E-commerce: Card-on-File (CoF)v

In-App provisioning

Wallet provisioning

Cardholder identification & verification (ID&V)

Cardholder notification

KPI and OEM reporting

Additional options

Automated Card and Token lifecycle management

SMS sending costs (on top)

Additional consultancy for OEM certification

Multi-country, multi-language

Additional Token advice service to inform about lifecycle events

Consultancy, additional support

worldline token managemen brochure

Convenient payments with mobile devices

Learn how tokenization can help cards issuing banks to improve their cardholder’s digital payment experience.

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Fast and convenient token-based digital payments.

Worldline offers end-to-end, flexible solutions for secure and convenient digital payment experiences.

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Why choose Worldline?

Guaranteed compliance and security

As the leading European provider of payment and transactional services, trust is critical. We have the experience to help you stay compliant with all applicable laws, industry standards, rules and regulations.

Scalability

We process over 20.6 billion payments transactions each year thanks to our expertise in local markets and international payment methods. 

 Trusted by big banks

Operating for over 40 decades, we work with many of Europe’s leading financial institutions.