Advancing Token Provisioning Authentication: A Complex Calculus

As with many things in the card space, the devil is in the details.

December 15, 2022 – Tokenization of card numbers is one of the industry’s many approaches to address card-not-present fraud. In 2022, Visa and Mastercard separately announced liability shifts effective in 2023 for fraud occurring on certain payments that leverage network tokens.

Aite-Novarica Group interviewed several executives from large North American issuers and global merchants, acquirers, and payment networks from June to October 2022 to inform this report. It analyzes the coming changes and the responses from issuers, merchants, and processors and concludes with recommendations for the various players in the space.

Clients of Aite-Novarica Group’s Retail Banking & Payments or Fraud & AML service can download this report and the corresponding charts.

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