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.

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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?