FinTech

Adyen and JCB Launches Card Tokenization for Security

Adyen, the financial technology platform of choice for leading companies, and JCB Co., Ltd., announced the rollout of JCB's card-on-file (COF) tokenization service, aimed at enhancing the security of credit card transactions for e-commerce merchants. Adyen is the first to offer and implement JCB’s new technology both domestically and globally. The introduction of COF tokenization will further enhance the security of online payments, providing JCB’s cardholders and merchants with even greater peace of mind and safety. The rise of cashless payments and e-commerce transactions has led to an increase in credit card fraud in Japan, with over 90%* of the total damage from such incidents tied to payment card data theft. In response, JCB has introduced its COF tokenization. COF refers to payment details such as card numbers and expiration…