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Re: Payment Tokenization Standards

From: Joseph Potvin <jpotvin@opman.ca>
Date: Fri, 17 Jan 2014 05:11:35 -0500
Message-ID: <CAKcXiSqt6U+LrG8JYwcf1e4yBfaAnh4Zocus_NGYRziqFMRRTw@mail.gmail.com>
To: Web Payments CG <public-webpayments@w3.org>
This follows from an Oct 2013 announcement. Here is the original Media

It states: "Over the coming weeks, the framework will also be presented to
other partners and independent industry bodies, such as The Clearing House,
PCI Security Standards Council and EMVCo, to align and further advance the

The link you provided is that the EMVCo Consortium
https://en.wikipedia.org/wiki/EMV has formally taken up the Oct request,
which will add "Payment Tokenization" to its list of standards:

Additional context:

Token standardization is news, even though tokenization is not:
But is it "open standardization"?

I have three thoughts for discussion:

1. Shouldn't "The Clearing House" and "PCI Security Standards Council" and
"EMVCo" be listed in the "Dependencies or Liaisons" section of our Charter?

2. Are BTC and XRP most correctly referred to as "payment tokens"?  If not,
in what aspect(s) are they different?

3. RE: "Tokens can be restricted in how they are used with a specific
merchant, device, transaction or category of transactions."  In addition to
providing transaction risk management, does this also effectively mean that
DRM will be applied to the tokens
https://en.wikipedia.org/wiki/Digital_rights_management  so that they
cannot be processes on independent systems (such as Payswarm)?

joseph potvin

On Fri, Jan 17, 2014 at 3:31 AM, Anders Rundgren <
anders.rundgren.net@gmail.com> wrote:

> http://www.paymentsnews.com/2014/01/emvco-to-work-on-payment-tokenization-standards.html
> A bit late IMO, but why not?
> Cheers,
> Anders

Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
Mobile: 819-593-5983
LinkedIn (Google short URL): http://goo.gl/Ssp56
Received on Friday, 17 January 2014 10:12:23 UTC

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