Tokenization is here to stay.

As a technology, it’s been around for a while and its use to secure payment card data has surged in recent years as mobile contactless payments have rolled out worldwide and online payments have cried out for additional security.

TOKENIZATION USE CASES

We’re not just talking about trials and pilots. EMVCo tokenization is already a de facto requirement for a number of card payment environments:

 ACI Worldwide  won a 2016 PayFORUM Award for Excellence for UP Immediate Payments. The award was announced at last month’s PayFORUM 2016 conference in Paris. The awards recognize the most innovative products and solutions in the banking and payments industry in France and abroad.

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering the world’s leading enterprises with strategic business applications, today announced the acquisition of Atlanta, GA-based OpenSpan, Inc., a privately held software provider of robotic process automation (RPA)  and workforce analytics software.

The explosion of data, whether social media, transaction data, mobile or other types of unstructured data, through numerous digital and print channels, is making financial information management really challenging.

Enhanced extended remittance information service successfully activated in the pan-European retail payment system EBA CLEARING announced the activation of an enhanced extended remittance information service on its pan-European automated clearing house platform STEP2. The new service, which took up operations yesterday, supports the inclusion of up to 999 structured invoice and credit note references in a single SEPA Credit Transfer.

Fire Financial Services is now processing over £1 million worth of payments every month in the twelve months since Colm Lyon sold Realex to Global Payments.

Marking a milestone in its transformation, global financial markets technology and service provider, IPC Systems, Inc. today launched their new brand identity and focus on ‘Connecting Opportunities.’ The rebrand follows its acquisition of Etrali Trading Solutions earlier this year.  It represents a strategic evolution reflecting an enhanced focus on customer solutions in the areas of compliance and regulatory adherence, the financial markets community, and communications.

Cheryl Nash, president, Investment Services of Fiserv, has been appointed to the advisory board of Envestnet Institute On Campus (EIOC) and named executive leader for the Institute’s new ‘Women in Wealth Management’ program. The program is designed to attract college-age women to wealth management careers in order to increase gender diversity in the industry.

Infront, provider of modern terminals for global market data, analytics and trading, today announced at TechTrade Europe the integration of Symphony Communications, LLC's platform with the Infront Terminal. The integration combines compliant messaging with the flexibility, speed, and mobility of the Infront terminal.