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Payments Technology
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Steve Cole Network Tokens, What Are They Good For?
Mar 20, 2025Last year, Visa announced that it had issued its 10 billionth token and that tokenized payments had prevented $650 million of fraud in 2023. Visa and Mastercard have also stated that approximately 30% of all their payment transactions are processed utilizing network tokens. Given that network tokens have only been around for about a decade, those are impressive numbers. But what is it about network tokens that give them their superpower to stop fraud? After all, in the case of network tokens, the token is just another number representing a customer’s credit or debit account. What makes these numbers so much more secure than the numbers that make up the primary account number (PAN) of the payment card? In the typical context, tokens are often referred to as a non-sensitive representation of something of value, such as the PAN in the case of network tokens. But wait, you may be thinking, “if I can make a payment transaction with a network token, that sounds pretty sensitive to me.” Before drawing any conclusions about network tokens, maybe we should first consider what a network token is not. It is not a security token.
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Advancing Payments
Kelly Andrus & Josh Pynn An Inside Lens of SIGs and RPP at Payments MAGnified 25!
Mar 18, 2025At Payments MAGnified 25, the Merchant Advisory Group (MAG) advanced payments through engaging learning sessions, ample networking, and a showcase of emerging technologies. Two standout forums- Special Interest Groups (SIGs) and Rising Payments Professionals (RPP)- were central to fostering valuable industry collaboration.
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Policy Perspective
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Leslie Crisp New Administration, New Priorities: What’s on the Horizon for Payments Policy?
Feb 28, 2025As the new administration takes shape, regulatory and legislative activity in Washington is evolving, with important implications for payments. Here’s a look at recent developments in Congress, at the Federal Reserve, and the Consumer Financial Protection Bureau (CFPB).
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MAG Insider
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Abby Arseneau Raising the Bar: MAG’s Record-Breaking Conference and Industry Impact
Feb 26, 2025As the payments landscape evolves, the MAG remains at the forefront, driving innovation and fostering collaboration. From conference milestones to thought leadership opportunities, here’s a look inside the MAG.
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International Perspective
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Paul Tunstall, Vice President, International and Leslie Crisp Navigating 2025: Key Regulatory Insights for Merchants in a Shifting Payments Landscape
Feb 20, 2025As we step into 2025, the payments industry continues to evolve rapidly, with new regulations reshaping the landscape in the U.K., the EU, and beyond. To help merchants stay ahead, MAG's Director of Public Affairs, Leslie Crisp, joined the MAG’s International Leader, Paul Tunstall, to discuss what merchants need to know and how to prepare.
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Leadership Lens
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Lisa Crockett Powering Payments Expertise with MAG Education
Jan 16, 2025The Merchant Advisory Group (MAG) is committed to empowering payments professionals through robust educational resources tailored to every career stage. . From foundational courses that introduce core concepts to advanced programs that tackle industry challenges, MAG's educational platform equips members with the knowledge and confidence needed to excel.
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Advancing Payments
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Kelly Andrus New Community of Practice (COP) – Fraud
Dec 4, 2024Earlier this year we launched a new Community of Practice (COP) focused on fraud. Now you may ask yourself, what does that mean? Fraud encompasses many variables and aspects of the payments industry, so our first step was answering this very question. In March, we sent a survey to our merchant members soliciting feedback on exactly what they wanted this COP to focus on. The overwhelming consensus identified compelling evidence and friendly fraud chargeback mitigation programs as the top priorities.
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MEET OUR NEW MEMBERS
- Marriott Vacations Worldwide
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Velocity Logic is a loyalty and payment software & services solutions provider focused on providing technology to help their businesses grow. Our focus is fuel, retail, restaurant, grocer, and FI loyalty.
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TAG
The Aspen Group (TAG) is a leading healthcare organization that operates an extensive portfolio of businesses across diverse medical and wellness sectors. With a mission to provide innovative, accessible, and high-quality care, TAG is dedicated to enhancing the well-being of patients and clients across the United States.
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A Leading Global Cruise Company. We are a leading global cruise company with a portfolio of three award-winning brands and a vision to be the vacation of choice for everyone around the world. We set ourselves apart with our young modern fleet, robust growth profile and innovative, best-in-class product offerings.
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Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work.
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DHL
DHL is a global provider of International Express mail, logistics, and freight forwarding.
MEET OUR NEW SPONSORS
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Sheeva.AI is the future of v-commerce, enabling payments for transactions using your vehicle.
Sheeva.AI's patented geolocation technology powers a seamless customer experience through a simple API integration and an embedded digital wallet, allowing secure in-vehicle payments for fuel, charging, parking, tolls, and retail services. -
Financial flexibility for consumers. Seamless payment integration for retailers.
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TrueLayer is Europe’s leading open banking payments network. We power smarter, safer and faster online payments by combining real-time bank payments with financial and identity data. Businesses big and small use our products to onboard new users, accept money and make payouts in seconds, and at scale. We’re live across 21 countries and over 10 million users trust us to process their transactions. Though we’re not stopping here. We’re on a mission to change the way the world pays. And we won’t stop until we’ve unlocked the full potential of payments.
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Sift is the leader in Digital Trust & Safety, empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of one trillion (1T) events per year, and a commitment to long-term customer partnerships. Global brands such as DoorDash, Poshmark, and Twitter rely on Sift to gain a competitive advantage in their markets. Visit us at sift.com, and follow us on LinkedIn.
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SB Payment Service Corp.(SBPS) is a Japanese payment solutions provider under SoftBank Group, established in 2011. We offer comprehensive payment services, including credit card, convenience store, carrier billing, and e-wallet payments for businesses. SBPS supports online, in-store, and recurring payments, focusing on seamless transactions and security. With advanced fraud detection and multi-currency support, we help merchants expand globally and have began to support global merchants to join the Japanese market. SBPS caters to various industries, such as e-commerce, retail, and digital content, enabling efficient payment integration. Our mission is to drive cashless innovation in Japan and beyond, enhancing customer experience and business growth.
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Since 2005 Klarna has been on a mission to smooth commerce with consumer needs at the heart of it. With over 87 million global active users in Klarna Group and 2.5 million transactions per day, Klarna’s fair, sustainable and AI-powered payment and shopping solutions are revolutionizing the way people shop and pay online and in-store, empowering consumers to shop smarter with greater confidence and convenience. More than 600,000 global retailers integrate Klarna’s innovative technology and marketing solutions to drive growth and loyalty, including, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. For more information, visit Klarna.com.