[ This article was originally published here ]
For many of us it would be practically impossible to count all of the times we’ve had to provide credit card details to online retailers. There are millions of ‘digital footprints’ of financial records across the internet, making it an arduous – likely impossible – task to find out which retailers have kept these details on file, whether that card is still in use or whether they are sitting on long-expired card details.
Imagine a future – that’s nearer than you think – where you open your mobile banking app, and in addition to all the services you already know and use, you can find a list of all the web sites where you enrolled your card(s). Imagine that for each of those retailers, you could suspend or de-activate your card or set individual monthly spending limits for each of them.
Sounds wonderful to have? The good news is that your bank, thanks to Gemalto, as a certified VTS/MDES partner for , is about to bring it to you.
This is a digital payment revolution. It started five years ago with the emergence of digital wallets. EMV Tokenization is the technology behind the scenes that lets you enroll your EMV cards into wallets for mobile payment, in-app payments or in-web payments, for smartphones and wearables. This is already a massive success in the world but still has huge growth potential. Now that these digital cards have expanded to eCommerce, EMV tokens are set to replace real card data on the merchant site used at checkout.
By replacing your card with a token for your ..
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