Visa announced the launch of Visa Token Service, a technology that provides an environment to help drive innovation in online and mobile commerce. Visa Token Service replaces sensitive payment
account information found on plastic cards with a digital account number or 'token'. Because 'tokens' do not carry a consumer’s payment account details, such as the 16-digit account number, they
can be safely stored by online merchants or on mobile devices to facilitate e-commerce and mobile payments.Read the whole story at Telecompaper »
