Tokenisation enhances security by limiting credit card use

Cloud-based payments optimise resources during peak demand.

As digital payments evolve, solutions like tokenisation are setting new security benchmarks while addressing critical industry challenges. According to Hanspeter Jsler, Managing Director at Netcetera, tokenisation limits credit card use to specific merchants or timeframes, significantly reducing fraud risks.

Another transformative trend is the adoption of guest checkout systems. “With guest checkout, the credit card number stays with the scheme, and the merchant doesn’t even see your card details,” Jsler noted.

Looking ahead, password-free authentication through technologies like FIDO (First Identity Online) is poised to revolutionise payments. “During registration, we create two keys—a private key on your device protected by biometrics, and a public key shared with the bank. The private key never leaves your device,” Jsler said.

Eco-conscious initiatives are also reshaping the industry. “Our credit cards are made of non-virgin plastic collected from the ocean,” Jsler highlighted, emphasising the company’s commitment to sustainability.  

Despite advancements, fraud remains a persistent challenge. Jsler pointed to rising overseas fraud rates and scams exploiting one-time passwords, underlining the need for robust fraud prevention measures.