Payment tokenization initiatives by Visa and Mastercard (2013–2019)

1. EMVCo expands scope to standardize tokenization

   Jan 1, 2014Labels: EMVCo

   • Finextra

2. EMVCo publishes tokenization framework v1.0

   Mar 11, 2014Labels: EMVCo, Tokenization Framework

   • Finextra
   • Boston Fed

3. Visa launches Visa Token Service (VTS)

   Sep 9, 2014Labels: Visa, Visa Token

   • Visa PR

4. Mastercard announces Digital Enablement Service (MDES)

   Sep 10, 2014Labels: Mastercard, MDES

   • NFCW
   • Mastercard

5. Apple Pay launches with network tokenization

   Oct 20, 2014Labels: Apple Pay, Network Tokenization

   • Apple PR

6. Visa introduces Visa Digital Enablement Program

   May 28, 2015Labels: Visa, VDEP

   • Visa PR

7. Samsung Pay launches, expanding tokenized wallets

   Aug 20, 2015Labels: Samsung Pay

   • Samsung PR

8. EMVCo releases tokenization framework v2.0

   Sep 8, 2017Labels: EMVCo, Tokenization Framework

   • FF News
   • SecureTA

9. Visa reports scaling VTS for credential-on-file

   May 15, 2018Labels: Visa, Credential-on-file

   • Visa PR

10. Boston Fed reviews tokenization’s post-2014 evolution

    Sep 24, 2018Labels: Federal Reserve

    • Boston Fed

11. Mastercard and Cardsmobile launch tokenization platform

    Feb 27, 2019Labels: Mastercard, Cardsmobile

    • Mastercard

12. 2013–2019 tokenization becomes default for wallets

    Dec 31, 2019Labels: VTS, MDES

    • Visa VTS
    • Mastercard
    • EMVCo