Giesecke+Devrient (G+D) has had its tokenizer solution recognized by the Juniper Future Digital Awards. According to a note from the company, its “eCom Tokenizer” has been anointed the winner of the “Fraud and Security Innovation: Payment Tokenization Solution.”
The eCOM Tokenizer by G+D and Netcetera relies on network tokenization, a technology that converts sensitive card details into unique tokens – digital and encrypted aliases. With data encrypted, information is safe from fraud.
G+D states that an advantage of eCom Tokenizer is the solution’s system independence, as it reduces complexity and accelerates time to market.
“Payment is a vital step for merchants and is one of the friction points for customers in eCommerce. G+D together with our strategic partner Netcetera enables merchants to improve all aspects of the customer journey to make the shopping experience both convenient and secure,” commented Dr. Carsten Wengel, Head of Global Sales & Distribution in the Card & Digital Payment Business at G+D. “The fact that we have won the award for the third consecutive year in different categories demonstrates that we have understood the needs of customers in the field of digital payments and offer the right solutions, with the necessary breadth.”
G+D is a global security technology group headquartered in Munich.