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Many credit card processers and card brands are committed to implementing tokenization as a way to prevent future costly data breaches. The use of tokenization can enable many systems that handle customer data to be eliminated from the scope of Payment Card Industry Data Security Standards (PCI-DSS) compliance, saving merchants’ time, effort and scarce resources. However, the chosen tokenization approach must be compatible with a merchant's existing payment applications, business systems and processes, enabling the data to be accessible and beneficial to the business.
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- Companies:
- Chase Merchant Services
Mike Passilla
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