Webinar: Tokenization Essentials – Understanding the Role of Tokens in Payment Processing

September 26, 2018
12:00 - 1:00 p.m. Central

This webinar was for MAG current & prospect merchant members only.
Members may view the recording on the Member Resources page.

Tokenization is used during payment processing to help protect sensitive payment account number (PAN) data and enable digital payment solutions. Not all tokens and their lifecycles are alike. Led by tokenization experts from First Data, attendees learned about different types of tokens and their use cases, as well as the lifecycle and journey of tokens through the payments ecosystem. Considerations for retailers was discussed with additional focus on remote, card-on-file and recurring payment transactions.

: Renee Goodheart - Vice President, Integrated Token Services, First Data


Renee Goodheart is Vice President, Integrated Token Services at First Data. Renee is responsible for developing complex token-based payment products for financial institutions and retailers. In this role, Renee led the team that delivered the first 3rdparty EMVCo based token services provider solution in the US.  

Renee has extensive experience in electronic payment processing and payment networks.  Before joining First Data and the STAR Network in 2014, Renee spent 17 years at FIS and the NYCE Payments Network where she held leadership roles in market development, finance, analytics, business development, and operational management.  Renee began her career as an IT professional developing systems and solutions for multiple sectors including media, hospital management and technical communications. Renee is a member of the Mobile Payments Industry Workgroup (MPIW), participating in the Tokenization subgroup.

Renee is on the Board of Trustees for the York Street Project in Jersey City, NJ, a community based organization that provides an environment to shelter, feed, educate and promote the healing of persons in need, especially women, children, and their families. 

Presenter: Vijay Royyuru - Vice President, Integrated Token Services, First Data

Royyuru_Vijah Bio Headshot 2018Vijay leads Product Architecture for the Integrated Token Services team at First Data - a global technology leader in electronic payments.  In this role he partners with business and product leaders in development of new tokenization products.  He has led invention and development of several patent pending technologies in the areas of electronic payment networks, NFC payments, authentication and encryption, mobile banking and commerce.  His fields of professional interest include payment technologies, security technologies, systems architecture and design.

Vijay joined First Data in 1995 as Project Manager in Wilmington, Delaware and has held a variety of software development and product development leadership positions.   Prior to joining First Data, he led software development teams in Banking, Insurance, Manufacturing, and Public Sector industries around the globe for 10 years.

He holds a Master of Business Administration from the LeBow College of Business at Drexel University and a Master of Management Studies from Birla Institute of Technology and Science in Pilani, India.



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