TITLE

CREDIT CARD SECURITY: Why Not Implement Tokenization to Replace Card Data?

AUTHOR(S)
Taylor, David
PUB. DATE
July 2008
SOURCE
Hospitality Upgrade;Summer2008, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the results of the mass interviews conducted by PCI Knowledge Base on the view of various hotel companies regarding the implementation of tokenization in replacement of card data in the U.S. Eventhough the technology has its benefits to offer, yet majority of the respondents are resistant to implement the system. It reveals that the deployment of tokenization technology replaces credit card numbers with surrogate numbers, thus reducing the scope of audit and reducing the number of places where card data are retained. Majority of companies resist to the idea because they already have implemented data encryption and key management system which costs hundreds of thousands of dollars.
ACCESSION #
32869281

 

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