Computer Services, Inc. (CSI), a provider of end-to-end technology solutions for financial institutions, has announced support of tokenization capabilities for all its debit and credit issuers.
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CSI said that tokenization allows its customers to fully participate with all mobile wallet providers, including the recently announced Apple Pay service, by creating a digital payment token to replace the consumer’s personal account number (PAN).
CSI customers also can provide their cardholders with enhanced security through the tokenization of the payment credentials.
Steve Powless, CEO of CSI, said: "Ensuring that consumer data remains confidential and secure remains at the forefront of our mobile development priorities.
"This is just another step in our mobile payments strategy to bring advanced payment capabilities to banks of all sizes. We’ve recently launched enhanced mobile banking applications and several mobile services, including CSI’s Social Payments Instant Network (SPIN), which provides person-to-person payments via mobile channels."
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By GlobalDataCSI supplements tokenization with strong authentication programs, advanced card monitoring services and enterprise-wide risk management services.
