Gartner Research

Innovation Insight: Issuer Tokenization Secures and Enhances Future Payment Services

Published: 17 March 2015

ID: G00273549

Analyst(s): Sandy Shen

Summary

Issuer tokenization will be one of the most important technologies to impact the payment industry in coming years. IT managers of token requesters should consider embracing it to address the increasing security risks brought by connected devices.

Table Of Contents

Analysis

  • Innovation Description/Definition
  • What Is Issuer Tokenization?
    • Token Request and Issuance
    • Payment Flows With Tokens
    • Security and Control Mechanisms
  • Business Impact
    • IT Impact
    • Adoption Rate
  • Risks
    • Issuer Verification Is a Weak Link
    • Standards Confusion
    • Performance and Integration Risks Are Low
  • Key Technology and Service Providers

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