Participation in Visa Token Service Hits Major Milestone as Digital Commerce Expands

Participation in Visa Token Service Hits Major Milestone as Digital Commerce Expands | PaymentsJournal

Visa Inc. (NYSE: V) today announced that participants in Visa Token Service (VTS) are estimated to process a combined ecommerce volume of $1 trillion*, marking a significant milestone in its efforts to make digital payments more secure. Tokenization is a technology that replaces sensitive payment information with a unique identifier, or “token”, protecting the underlying …