Friday, August 21, 2009

A FIRST LOOK: Tokenization & End-To-End Technologies Combined

On August 12th, EPX (a third party payment provider) announced that it is joining end-to-end encryption with tokenization. I applaud their effort because I've stated, and I strongly believe that combining these two technologies is the strongest way to secure cardholder data. In the announcement, Matt Ornce, Chief Operating Officer for EPX is quoted: "There maybe are a few entities that have tokenization as a real product today, and there are a bunch of entities talking about doing end-to-end encryption for the merchant, but we haven't heard of anybody combining the two, much less delivering the product to the market." News flash, Shift4 prototyped this in late 2005, the same time they released tokenization to the public domain, and released a product to market in early 2006.

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