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Data Breaches and Tokenization

Google pay, Apple pay, PayPal, and old fashioned swipe machines…As we use technology to handle monetary transaction online or offline, we reveal some critical data such as credit card and even social security numbers to various bodies involved in the process. Hackers are becoming better at finding ways to break into even the most sophisticated layers of security put in place even by some large organizations such as Target and Home Depot.  It’s certainly feels like data breaches are becoming a norm now a days; and what frightens small merchants is the fear of malicious attacks and the consequences of such breaches which could easily wipe them out of business. EMV technology is expected to solve some of the issues but it’s certainly not going to resolve it all. As a small business owner we often hear this question: What is THE solution?

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