Tokenization

The term “tokenization” refers to a process in which a unique code or “token” is generated for each individual action made.

This term is often used in reference to information transacted by credit cards and mobile wallets. In these applications, tokenization improves security because a new, unique code is used for each transaction.

More on this topic:
Credit card comparison

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 70 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.