How Does Tokenization Work in the Retail Industry?
(World News Science)

A study conducted by Newcastle University experts claims that criminals take only six seconds to guess credit card numbers and security codes. Using information gathered from other websites, hackers and criminals are able to systematically determine the correct credit card number and security code in a matter of seconds. Together with a general increase in credit card and online transactions, it is no longer sufficient for retailers, whether online or offline, to stick with traditional methods of securing cardholder data in their systems. Enter tokenization. Tokenization replaces sensitive information such as credit card numbers with an incomprehensible set of characters called tokens. By...