Description: TD Bank Group this week announced that it is the first Canadian financial institution to adopt Visa’s global standard tokenization technology for its TD app for the Android operating system.
Source: Tech Vibes
Date: March 4, 2016
Powered by Host Card Emulation, Visa’s tokenization technology provides TD customers with security by substituting sensitive account information with encrypted “tokens” during mobile payment transactions.
Questions for discussion:
1. Why is this an important feature?
2. What downfalls could there be to having your bank account and payments done through tokenization?