Payment Tokenization

How it works and where it gets challenging

VGS's CEO Chuck Yu sat down with Vertex Ventures US to discuss the importance of tokenization for merchants in an ever-evolving payments ecosystem and how to avoid overcomplicating it. "One of the benefits to companies is the speed of development - they don't have to worry about sensitive data since VGS replaces that with tokens," elucidated Chuck Yu, underlining the benefits of tokenization for payments security, scalability, and optimization.