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Tokenization Management

Tokenization Management software for payments allows issuers and payment processors to perform the role of a Token Service Provider: entities that are responsible for the generation, storage, de-tokenization and lifecycle management of dynamic personal account numbers (PANs)/ tokens within a transaction as defined by EMVCo.

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How Tokenization Management works

Tokenization Management is used by card issuers to manage payment tokens, digital wallet providers to deliver tokens to support NFC payments, and merchants to replace card on-file storage of PANs.

Such a solution offers the APIs, token vault, token provisioning and lifecycle management functionality required to:

  • Operate, maintain and manage a token vault
  • Generate and issue ‘surrogate’ PANs
  • Offer de-tokenization services for transaction authorizing and clearing
  • Secure access to data and functions
  • Secure provisioning

Tokenization: Everything You Need To Know

Tokens are used in a number of environments to replace and protect the underlying value of credentials. In the payments world, tokenization is primarily used to secure payment card data. This can be done using EMVCo Tokenization for card payment transactions or Payment Card Industry (PCI) Tokenization for card-on-file data, which is stored in merchants’ or acquirers’ systems after a transaction is completed.

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Tokenization diagram

EMV payment tokenization replaces the need for merchants or digital wallet operators to store PANs. Personal account numbers are protected by replacing them with a unique alternate or dynamic PAN. These tokens can only be used temporarily at designated channel or merchant; card data obtained from data breaches are therefore useless. It also provides increased control by facilitating card-not-present payments and removing confidential consumer credit card data from the network.

The Rambus Tokenization Manager enables token requesters such as banks, digital wallet providers and merchants to securely manage and replace personal account numbers for EMV card and mobile NFC payments.

Our Tokenization Manager operates and manages a secure database, the token vault, where the mapping between the real PAN and the dynamic PAN is stored. To authorize a transaction,Ttokenization Manager de-tokenizes the PANs and offers support for clearing and settlement. It also generates cryptographic data and gives access to securely manage the lifecycle of the token.

Tokenization Manager can be used as a stand alone product or in combination with e.g. an HCE card provisioning platform, such as Secure Element in the Cloud.

Tokenization Manager

Rambus Tokenization Manager operates and manages a secure database, the token vault, where the mapping between the real PAN and the dynamic PAN is stored. To authorize a transaction the tokenization manager de-tokenizes the PANs and manages clearance and recycling. It also generates cryptographic data and gives access to securely manage the lifecycle of the token. Rambus Tokenization Manager is an independent product which may be used stand alone or in combination with a token lifecycle management product such as Host Card Emulation. Our tokenization solution provides Token Service Provider functionality in line with EMVCo’s EMV Payment Tokenization Specifications.

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