does square use tokenization technologies

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. 1 Square's proprietary tokenization scheme ensures that unencrypted payment data never touches the device or application. 2 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. 3 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. 3

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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
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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
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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
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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
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cio.com

Tokenization is a process that replaces sensitive payment information with a unique identifier or token. This token can be used in place of the actual payment information, such as a…
Payment Tokenization: What is It & How Does It Work? (2022) - Shopify
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shopify.com

Using tokenization can help you mitigate threats identified in your workload threat model, depending on where and how tokenization is implemented. At the point where the sensitive data is tokenized,…
How to use tokenization to improve data security and reduce audit scope ...
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amazon.com

Tokenization — from asset tokenization to real estate tokenization — is radically transforming the way we interact with assets of value. Blockchain technology enables any asset or service to be…
What Is Tokenization? Blockchain Token Types | Gemini
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gemini.com

The tokenization process removes any connection between the transaction and the sensitive data, which limits exposure to breaches, making it useful in credit card processing. Tokenization of data safeguards credit…
What is Tokenization | Data & Payment Tokenization Explained | Imperva
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imperva.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
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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
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squareup.com

When tokenization is used to protect payment information, the seller will use a payment gateway that generally automates the token creation process and stores the original data elsewhere.
What Is Tokenization and How Does It Work? | Nasdaq
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nasdaq.com