Trend Report

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

The Use Cases For Payment Tokens Are Growing

Jacob Morgan
 and  four contributors
May 17, 2021

Summary

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.

Log in to continue reading
Client log in
Welcome back. Log in to your account to continue reading this research.
Become a client
Become a client today for these benefits:
  • Stay ahead of changing market and customer dynamics with the latest insights.
  • Partner with expert analysts to make progress on your top initiatives.
  • Get answers from trusted research using Izola, Forrester's genAI tool.
Purchase this report
This report is available for individual purchase ($1495).