Network Tokenization - Transaction Processing

Short video about,
How does Transaction Processing work for Tokenization based transactions

[@foxmulder1301]

This is exactly what I’m looking for. Truly appreciated your effort to provide such clear explanation and help us to understand the fundamental of card payment.

[@sergiocavalheiro3506]

Congrats great vídeo direct to the point

[@sivasigadapu6572]

Excellent, thanks for your time and sharing the knowledge.

[@snehathakur2592]

Now that's what I called crisp, informative video. Thanks

[@kaushalkapadne9301]

i watched many of videos.... but here's i found correct one thank you for this series

[@chandrasekharvarma6291]

Thanks a lot, all 3 videos are very informative.

[@LearnPayments]

Thank you Chandrasekhar!!

[@GaffarSohail]

Please can you make a video of how tokenisation commercial available products work. Also list out all commercially available tokenisation products.

[@nels.beckman]

Thanks for the great video! Does the TSP always do this "translation" from token to PAN? I was under the impression that some large issuers managed this mapping themselves.

[@krupak2568]

Thanks

[@husamhamid1160]

I can't thank you enough for what you are doing here. Question: As a cardholder, if I'm issued a token by a TSP, say Google Pay, does Google Pay keep this token forever for all my future payments with Google Pay using this card, or does it change? If it changes, does it change per transaction, on demand or periodically?

[@ambarishhazarnis9531]

TSP can disable the token if they notice something fishy. also, it might have an expiry time. this is one of the advantages of tokenization where the token can be discarded easily versus disabling a card

[@madhav.vignesh]

Very informative

[@LearnPayments]

Thank you Sreenivas, Glad you liked it.

[@amrutaapalav5309]

Hi , Thanks for KT. In this video it is motioned as VISA or MasterCard being TSP in case verifies card profile and in case of success or failure both sends request further to issuer for authorization. Why it sends even if card profile check gets failed ?

[@LearnPayments]

Example if Issuer BIN is not registered for Tokenization

[@HardikPatelhardsome]

Do we use Zone (Pin or Token) Key conecpt here? Here also token data will be encrypted using Zone Master Key and communication happen between two parties?

[@LearnPayments]

for a normal token based authorization. there is no other special key for token data.

[@sainishanth1364]

How does Scheme/TSP know the PAN number as this is present with Issuer only. Also in other video, you have explained that Token issuance is done by TSP after PAN is validated by Issuer. So TSP/Network doesn't hold PAN. Can you please clarify

[@LearnPayments]

TSP (and if Schemes are TSP), they do hold the PAN..

[@samshaikh278]

Is scheme the network provider like Visa or Mastercard? Can someone please answer

[@LearnPayments]

Yes, that's right.

[@GPGP189]

what is Open to Buy

[@LearnPayments]

Amount credit available for a customer to do a transaction. Say if you’re using a credit card, and your credit limit is 1000 , and you’ve used it for a purchase of 100. Then your available credit is 900 that’s open to buy