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payment tokenization

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00:54 Oct 11, 2021
English to Thai translations [PRO]
Bus/Financial - Internet, e-Commerce
Additional field(s): Business/Commerce (general), Finance (general)
English term or phrase: payment tokenization
Definition from Harish Gupta, NEC Technologies India Pvt:
Tokenization is the process of protecting sensitive data by replacing it with an algorithmically generated number called a token. Often times tokenization is used to prevent credit card fraud. In credit card tokenization, the customer’s primary account number (PAN) is replaced with a series of randomly-generated numbers, which is called the “token.” These tokens can then been passed through the internet or the various wireless networks needed to process the payment without actual bank details being exposed. The actual bank account number is held safe in a secure token vault.

Example sentence(s):
  • Businesses with a base of repeat customers find mobile payment tokenization especially convenient in allowing purchases and refunds with a single click or none at all. globalpayments Integrated
  • The Opayo payment tokenization solution will capture all of the shopper's card details that will be stored on the system. Later when processing future transactions, you will send us the “token” that has already been created, instead of requesting the customer to re-enter their card details. Opayo
  • Consequently, businesses should consider developing payment tokenization systems to ensure that they safeguard the information of their consumers, while also navigating towards the future effectively. paymentsjournal
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Question posted on behalf of translation team:
GBK economics and finances specialistsGBK economics and finances specialists


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Summary of translations provided
3การใช้ระบบโทเค็นเพื่อการชำระเงิน
Wissanu Boonmak


  

Translations offered


54 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
การใช้ระบบโทเค็นเพื่อการชำระเงิน


Definition from own experience or research:
การใช้ระบบ Token มาเพื่อรักษาความปลอดภัยในการชำระเงิน

Example sentence(s):
  • ร้านค้าสามารถรับชำระค่าสินค้าและบริการผ่านบัตรเครดิตและเดบิตเต็มจำนวน โดยทำธุรกรรมรับชำระเงินผ่านหน้าเว็ปไซต์ของร้านค้า ( ระบบโทเค็นเพื่อการชำระเงิน ) ซึ่งช่วยลดปัญหาหน้าขาวจากการเปลี่ยนหน้าเว็บไซต์ - Website  
Wissanu Boonmak
Thailand
Local time: 21:42
Native speaker of: Native in ThaiThai
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