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Visa Launches Token Service for Mobile Payments

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.

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