V - Visa PaySafe Extend Relationship in Europe Visa Network Tokens Add Level Of Payment Security | Benzinga
Payment platform company Paysafe Ltd (NYSE: PSFE) extended its collaboration in Europe with Visa (NYSE: V) to use the latter’s Network Tokens as an alternative to primary credit and debit card account numbers, as reported on its website.
What Happened: Visa Network Tokens are securely transmitted and stored by Paysafe instead of card PANs thereby reducing fraudulent activities risk caused due to data breach or human attacks.
The tokens will update expired card numbers in real-time, remove any unnecessary declines and ensure recurring ...