Trends Report

Demystifying The Latest Payment Token Type For Retailers, Brands, And Other Merchants

The Use Cases For Payment Tokens Are Growing

May 17th, 2021
Jacob Morgan, null
Jacob Morgan
With contributors:


Merchants, familiarize yourselves with card-on-file payment tokens today. Card-on-file payment tokens — often called "network tokens" today — are the latest evolution of payment tokenization. They bring the same security of in-person tokenized payments to e-commerce and are designed for merchant-initiated card-on-file e-commerce or card-not-present (CNP) payment transactions (e.g., e-commerce, subscriptions). This report defines card-on-file payment tokens, outlines the components, and explains how they facilitate payments.

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