Understanding Masked Payments: Enhancing Security in Transactions
Learn how masked payments protect sensitive data in transactions with tokenization.
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A masked payment is a transaction where sensitive payment information is substituted with a token or alias. This ensures that actual card details are not exposed during payment processing, thereby enhancing security. Masked payments help prevent fraud and protect user data by using temporary identifiers instead of real card numbers.
FAQs & Answers
- What are the benefits of using masked payments? Masked payments enhance security by keeping actual card details confidential, reducing the risk of fraud and identity theft.
- How do masked payments protect user data? By substituting sensitive payment information with tokens or aliases, masked payments prevent cybercriminals from accessing real card numbers during transactions.
- Are masked payments used in all types of transactions? Masked payments are commonly used in online transactions, but their adoption can vary depending on the payment processor and the specific security measures in place.
- Can consumers choose to use masked payments? Yes, many consumers can opt for masked payment methods when shopping online, especially if the merchant supports this feature for enhanced security.