HTNG Produces Payment Tokenization Specification
Friday, March 2, 2018
Posted by: Emily Wilson
CHICAGO (March 2, 2018) - HTNG's Payments Workgroup developed a tokenization solution that defines messages used to convert cardholder information into tokens that ultimately reduce the risk of processing credit card data.
Converting payment information into a token is referred to as "tokenization," which removes valuable payment card information from business systems of a venue. Tokenization replaces sensitive credit card information with data that is useless to cyber thieves. Tokens can be safely transmitted in messages and stored in databases, while the sensitive credit card data is stored separately in a secure data vault.
Tokenization reduces the number of hotel systems handling sensitive payment card information. Tokenization is expected to reduce a hotel's cost to maintain compliance with Payment Card Industry (PCI) rules. This cost reduction will occur by limiting the number of systems vulnerable to potential loss of payment information and reducing the systems in scope for PCI auditing.
This publication replaces the previously issued Data Proxy Specification and joins the collection of documents defining the HTNG Secure Payments Specifications.
The Payments Workgroup was led by Co-chairs John Bell of Ajontech, LLC and Rob Martin of Ingenico.
Download the Payment Tokenization Specification here.
About Hospitality Technology Next Generation (HTNG)
The premier technology solutions association in the hospitality industry, HTNG is a self-funded, nonprofit organization with members from hospitality companies, technology vendors to hospitality, consultants, media and academic experts. HTNG's members participate in focused workgroups to bring to market open solution sets addressing specific business problems. HTNG fosters the selection and adoption of existing open standards and also develops new open standards to meet the needs of the global hospitality industry.
Currently more than 400 corporate and individual members from across this spectrum, including world leading hospitality companies and technology vendors, are active HTNG participants. HTNG's Board of Governors, consisting of 21 top IT leaders from hospitality companies around the world, itself has technology responsibility for over 2.5 million guest rooms and world-leading venues. HTNG publishes workgroup proceedings, drafts and specifications for all HTNG members as soon as they are created, encouraging rapid and broad adoption. HTNG releases specifications into the public domain as soon as they are ratified by the workgroups. For more information, visit www.htng.org.