A bank card token (Tokenized card) is a special unique identifier (a set of digits) that is created using tokenization technology instead of your actual card number when making payments through services such as Swoo Pay and others.
How Does Card Tokenization Work?
Tokenization is the process of replacing your real bank card number with a random digital token. This token is used for payments in online stores or applications, while your actual card number remains hidden and inaccessible to merchants or fraudsters. Each token can only be used within one payment system or on one specific device, making such payments significantly more secure.
Benefits of Card Tokens
Security: Your real card number is never transmitted or stored anywhere, minimizing the risk of data theft.
Limited scope: The unique token only works on your device.
Ease of use: For the user, the payment process doesn't change — you simply pay as usual, but with maximum information protection.
Usage Example
When adding a card to the Swoo Pay service, your actual card number is replaced with a token. Subsequently, when making payments, the token is used instead of your real card details.
In case of fraud or if the token is obtained by third parties, fraudsters will not be able to use the token for further payments.