Sunday, February 28, 2021

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Tinkoff Payment & Mastercard: Launched cloud tokenization of cards

  • Tinkoff Business provides a full range of services for settlement and cash services for small and medium-sized businesses
  • Tinkoff Payment acquiring service connected to Mastercard’s MDES for Merchants tokenization service
  • Allowed Tinkoff to be the first Russian bank to implement cloud tokenization of Mastercard payment cards for online stores
  • The MDES for Merchants service encrypts the data of each card into an alternative number – a token
  • According to Mastercard, this year online shopping has become one of the main ways for daily shopping
  • For payment through Tinkoff, cards of all countries of the world are accepted without restrictions, there is no subscription fee for  Internet acquiring

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