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Tokenization is currently in standards definition in ANSI X9 as X9.119 Part 2. X9 is responsible for the industry standards for financial cryptography and data protection including payment card PIN management, credit and debit card encryption and related technologies and processes.
Point-to-point encryption (P2PE) is a standard established by the PCI Security Standards Council.The objective of P2PE is to provide a payment security solution that instantaneously converts confidential payment card (credit and debit card) data and information into indecipherable code at the time the card is swiped, in order to prevent hacking and fraud.
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council, and its use is mandated by the card brands. It was created to better control cardholder data and reduce credit ...
A PIN pad or PIN entry device is an electronic device used in a debit, credit or smart card-based transaction to accept and encrypt the cardholder's personal identification number (PIN). PIN pads are normally used with payment terminals , automated teller machines or integrated point of sale devices in which an electronic cash register is ...
Secure Electronic Transaction (SET) is a communications protocol standard for securing credit card transactions over networks, specifically, the Internet.SET was not itself a payment system, but rather a set of security protocols and formats that enabled users to employ the existing credit card payment infrastructure on an open network in a secure fashion.
The bank or credit network embeds their secret key into the card's secure key storage during card production at a secured production facility. Then at the point of sale the card and card reader are both able to derive a common set of session keys based on the shared secret key and card-specific data (such as the card serial number). This method ...
The natural PIN is generated by encrypting the primary account number (PAN), using an encryption key generated specifically for the purpose. [26] This key is sometimes referred to as the PIN generation key (PGK). This PIN is directly related to the primary account number.
The card security code is not encoded on the magnetic stripe but is printed flat. American Express cards have a four-digit code printed on the front side of the card above the number. Diners Club, Discover, JCB, Mastercard, and Visa credit and debit cards have a three-digit card security code. The code is the final group of numbers printed on ...