Tokenization

Tokenization replaces sensitive financial account information with a random string of characters, called a token. Learn More

Related Terms

  • Settlement Date

    The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.

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  • SHR (Shared Network Transaction)

    A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared...

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