The PCI Tokenization module of the MMT Platform emerged based on the current reality that not all cards are eligible for network tokenization by the schemes. When this is the case, the MMT Platform should offer the service of "tokenizing" anyway in order to deliver a complete solution for the Merchant/PSP. They would most often have several different card brands stored which are not eligible for tokenization with the schemes' Token Service Providers due to different reasons. "Card tokenization" is also a common concept in the PSP industry, however, we are not talking about Network Tokenization performed by the schemes, but proprietary PCI compliant tokenization mechanism (thus the word "PCI Tokenization).
Here is an example of a card tokenization flow with Merchant and PSP:
- A consumer chooses to store his card at Merchant
- Merchant contacts PSP and asks the PSP to store the card (CoF)
- PSP stores the cards and generates a proprietary "token"
- PSP sends the token back to the merchant who stores this for future requests