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Digital Identity, Security & Online Fraud

TD adopts Visa's secure tokenization technology

Friday 4 March 2016 | 10:50 AM CET

TD Bank Group (TD) has adopted Visa\'s global standard tokenization technology for its TD app for the Android operating system.

Powered by Host Card Emulation (HCE), this tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted "tokens" during mobile payment transactions. An additional benefit to moving to this new solution is a more seamless user experience to set up and begin using mobile payments, in a matter of seconds.

An evolution in mobile payments technology, the move to tokenization means this service is not SIM card or carrier dependant, so it can be used on more phones and by more TD customers. All that is required is a personal TD credit card loaded on an Android phone running on Kit Kat (version 4.4) or higher.

An Android widget is also available, for the first time, to allow for quick and convenient one-button access to launch mobile payments within the TD app.

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group. TD is the sixth largest bank in North America by branches and serves more than 24 million customers in three key businesses operating in a number of locations in financial centres around the globe.

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