Words / T / Business

tokenisation

noun/ˌtəʊkənaɪˈzeɪʃən/

C1CEFR level
80/100Rarity: very rare
TechnicalRegister

The replacing of sensitive card details with a surrogate value so the real number is never stored or transmitted.

Thanks to tokenisation, the breach exposed only meaningless strings rather than customers' actual card numbers.

Similar: tokenization

Topic: Finance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Finance