16th February 2016 Church News.
Visa Europe is widening the scale of its tokenisation functionality to support cloud-based payments and other mobile-based services for banks and retailers. The expansion of the Visa Europe Payment Tokenisation Service (VEPTS) will enable financial instructions to integrate tokenisation into services where payment credentials are stored in the cloud, such as banksâ own mobile payment apps plus a variety of wearable and other âconnectedâ devices. Retailers and merchants can also use VEPTS for their âcard on fileâ payment options.
