[HIB]Tokenization systems may help avoid identity theft

[newsbot]

Avoiding credit card fraud tied to identity theft is a task that may be becoming even more important, especially since the crime has become more popular over the years.Recently, Visa announced it has launched best-practices standards for a process known as tokenization. The system replaces consumer information on payment records with random digits that hide credit card account numbers."Where properly implemented, tokenization may help simplify a merchant’s payment card environment," said Visa head of Global Payment System Security Eduardo Perez.

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