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The Payment Security market within the context of Mobile and Contactless Payments is a rapidly growing sector. It is focused on providing secure payment solutions for customers and merchants, while also protecting their data. This includes technologies such as tokenization, encryption, biometrics, and authentication. Tokenization is a process that replaces sensitive data with a unique identifier, making it difficult for hackers to access the data. Encryption is a process that scrambles data, making it unreadable to anyone without the key. Biometrics is the use of physical characteristics such as fingerprints or facial recognition to authenticate users. Authentication is the process of verifying the identity of a user.
Companies in the Payment Security market include Visa, Mastercard, Apple Pay, Google Pay, PayPal, Stripe, and Square. Show Less Read more
