How does card tokenization work?

Post Quantum Cryptography

What is the quantum risk and its impact on data security?What are the implications of data sensitivity vs time?When will quantum computing pose a threat to encryption methods?Which protocols and certificates may become vulnerable in the post-quantum era?How can enterprises prepare data security strategies for the post-quantum era?Do current cloud platforms support post-quantum algorithms?What is the concept of cryptographic agility?How does cryptographic agility impact risk management for enterprises?Why is data classification important in the context of post-quantum readiness?How does crypto agility affect disaster recovery planning and insurance costs?What is the technical impact of post-quantum agility on organizations?How does Fortanix DSM help achieve cryptographic agility?What features does Fortanix DSM offer for key lifecycle management in PQC implementation?How does Fortanix DSM facilitate integration with leading applications in PQC implementation?

Enterprise Key Management

What is enterprise key management?Why is enterprise key management important?What are the benefits of using Enterprise Key Management for cloud data security?What are the challenges in enterprise key management?How does enterprise key management work?What are some best practices for enterprise key management?Can enterprise key management be integrated with existing systems?What are the compliance considerations for enterprise key management?Can enterprise key management recover encrypted data if a key is lost?How does enterprise key management address cloud and multi-cloud environments?Are there industry standards for enterprise key management?What are the pain points related to data security in hybrid multicloud environments ?What negative business impact can result from data security siloes and lack of monitoring?Do existing DSPM and CSPM tools address the challenges of data encryption risks?How do encryption and key management contribute to data protection? What challenges arise from the proliferation of encryption across different services?How does Fortanix address the challenges associated with encryption key management?How does Fortanix Enterprise Key Posture Management (EKPM) provide visibility into data security risks and industry benchmarks? How does Fortanix address the challenge of reporting compliance with policies and regulations?How does Fortanix Enterprise Key Posture Management (EKPM) align with regulatory and data security policies and standards? How does Fortanix Enterprise Key Posture Management (EKPM) simplify the complex and time-consuming task of correlating and analyzing at-risk data and services? How does Fortanix Enterprise Key Posture Management (EKPM) help organizations prioritize and remediate the most harmful risks quickly? Why are manual discovery processes considered complex and time-consuming, and how does Fortanix Enterprise Key Posture Management (EKPM) simplify them? How does Fortanix Enterprise Key Posture Management (EKPM) reduce the inefficient use of security personnel?Can Fortanix Enterprise Key Posture Management (EKPM) integrate with existing security and compliance tools? Does Fortanix Enterprise Key Posture Management (EKPM) integrate with SIEM or SOAR solutions for log analytics? Can Fortanix Enterprise Key Posture Management (EKPM) integrate with third-party IT ticketing systems for remediation workflows? What is Cloud Security Posture Management (CSPM)? What is Data Security Posture Management (DSPM)? What is Hybrid multicloud?

How does card tokenization work?

The process involves several steps to ensure security and usability:

Data Collection: At stage 1, a customer fills in the details of their payment card, and the merchant collects this sensitive data, including the 16-digit card number, cardholder name, expiration date, and security code (CVV/CVC).

Token Generation: The collected card data is then forwarded to a tokenization service provided by a trusted third party or managed by the merchant's payment gateway. This service generates a token that is unique to that specific card data.

Token Storage: The token is then stored in the merchant's system or database. At the same time, the original sensitive card data is immediately discarded or stored in a highly secure, compliant-friendly system.

Transmission: The token is returned to the merchant and can be used for future transactions. If unauthorized users gain access to the database, they cannot reverse-engineer the original card data from the token.

Transactions: The merchant uses the token instead of the card data for subsequent transactions. The token is sent through the payment process like the original card data.

Authorization: The payment processor or payment gateway receives the token and uses it to request authorization from the card issuer. When the card issuer recognizes the token, the payment processor processes the transaction as the actual card data.

Decryption and Payment: The payment network decrypts the token and uses the original card data to complete the transaction. The merchant receives payment approval without direct access to the real card details.