Business news from Ukraine

PORTMONE, PRIVATBANK BECOME PARTNERS OF VISA TOKEN SERVICE

15 May , 2020  

On Wednesday, May 13, Visa Token Service added 28 new international partners to enhance the security of digital payments, including Portmone payment system and state-owned PrivatBank.
“These new partners will contribute to make digital transactions safer using tokens of both one-time and recurring payments based on Visa accounting data. Tokenization replaces the 16-digit Visa cardholder account number with a token, which just Visa can unlock, protecting the main card number from defrauders,” Business Wire said.