Tokenization Perspective

Heightened merchant concerns over securing sensitive cardholder information, as well as new Payment Card Industry (PCI) security mandates, have driven demand for integrated card data protection solutions. These concerns are well justified. In a 2010 study conducted by the Ponemon Institute, the average cost of a data security breach for U.S. merchants is in excess of $6.7 million; the most expensive data breach event reported a cost of almost $31 million to resolve.

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