Card Payment Tokens: When Good Tokens Go Bad

Tokenization provides a level of protection against the usage of breached payment card data and the inconvenience associated with reissuing a card number.

March 9, 2022 Payment tokens come in many forms and have a variety of use cases. This complexity in the types of tokens, the nature of their compromise, and the related use case presents challenges in terms of remediation and ensuring minimal customer impact and operating costs while mitigating fraud.

This Impact Brief provides an overview of the key forms of payment card tokenization, the different ways payment tokens are used, and the forms of compromise that result in remediation. It also explores the benefits of different approaches and the challenges in fully realizing those benefits to issuers, merchants, and cardholders. The Impact Brief is based upon discussions with multiple fraud executives at U.S. financial institutions in addition to desk research.

Clients of Aite-Novarica Group’s Fraud & AML service can download this 13-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at

Related Content

Market Trends in Fraud for 2022 and Beyond: New Fraudsters, New Era

The pandemic era has expanded the ranks of fraudsters, and most of these new “citizen fraudsters” are here to stay.  

Get Summary Report

"*" indicates required fields