Episode 214 - We Just Can’t Stop Talking About Tokenization
Payments on Fire™
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Visa's Tokenized Transactions Rule Changes
Visa made a pretty significant shift in regard to their view of tokenized transactions versus non-tokenized transactions when you look at the interchange schedule in the United States. The big difference between those two transactions is that if you're using a tokenized payment credential, you receive a 10 basis points discount on interchange for that transaction. So it's kind of a little bit of a shift of a mindset. Now they're sort of saying tokenization is the standard and it's almost as if they're say you're going to be penalized 10 basis points if you don't use tokenization.
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