[WG-CloudIDSec] iPayments - Token Service Provider

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Neil McEvoy

Jul 21, 2014, 10:17:37 AM7/21/14
to wg-clo...@kantarainitiative.org

Hey CloudIDsec team:

As part of defining the iPayments innovations I've been learning up on the relevant banking technology developments, most notably EMV Payment Tokenization:

Key points:

- Cloud providers would adopt vendor technology to become a 'Token Service Provider'- This would seem a logical complimentary component part of an IDaaS suite

- An authentication process,what they call ID&V - Identity and Verification, would work the same way, ie depending on the method used it would be granted an associated assurance level

- Identity attributes eg bank account details, are tokenized and de-tokenized by this Cloud provider capability


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