Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security
Overview
Vaultbased Tokenisation is a process of replacing the sensitive information with Tokens and encrypting original data in the data vault. Tokens created in this approach are irreversible tokens.
One of the most widespread uses of tokenization today is in the payments processing industry. Along with it, can be used with sensitive data of all kinds including bank transactions, medical records, criminal records, vehicle driver information, loan applications, stock trading and voter registration.