Summary
Square uses tokenization technologies to protect customers' sensitive data. Tokenization is used in the payments processing industry in three ways: when businesses keep customers' "card on file" for subscription billing and recurring payments, on eCommerce sites that offer frequent, returning customers "one-click" checkouts, and within NFC mobile wallets like Apple Pay and Android Pay.
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Square's proprietary tokenization scheme ensures that unencrypted payment data never touches the device or application.
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Tokenization is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no intrinsic or exploitable meaning or value.
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The mapping from original data to a token uses methods that render tokens infeasible to reverse in the absence of the tokenization system, for example using tokens created from random numbers.
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Summary
Tokenization is the process of protecting sensitive data by replacing it with an algorithmically generated number called a token. It is used to prevent credit card fraud, as the customer's primary account number (PAN) is replaced with a series of randomly-generated numbers, which is called the "token". Tokenization is used in the payments processing industry in three ways: when businesses keep your "card on file" for subscription billing and recurring payments, on eCommerce sites that offer frequent, returning customers "one-click" checkouts, and within NFC mobile wallets like Apple Pay and Android Pay.
Payment Tokenization Explained - Square
squareup.com
Summary
From the time the customer uses a credit card or enters their information into our solutions, payment data is encrypted until it reaches Square’s processing environment. Our proprietary tokenization scheme ensures that unencrypted payment data never touches your device or application.
Square Security - Engineered to protect both you and your customers
squareup.com
Simply put, 16-digit PAN is replaced by a 16-digit token that is usually randomly generated. For example instead of using the PAN: 4085-8800-8378-3527 the mobile payment operator will use the…
Tokenization and Securing Mobile Payments Apps
cryptomathic.com
Tokenization masks or substitutes sensitive data with unique identification data while retaining all the essential information about the data. This equivalent unique replacement data is called a...
Data tokenization: A new way of data masking | CIO
cio.com
As a security best practice, independent assessment and validation of any technologies used for data protection, including tokenization , must be in place to establish the security and strength of the…
Tokenization (data security) - Wikipedia
wikipedia.org
You can use an OAuth access token for Square Sandbox testing. This requires you to create a Sandbox test account for your application in the Developer Dashboard. For more information…
Square API Access Tokens - Square Developer
squareup.com