About Secure Token Exchange
The Clearing House will soon launch Secure Token Exchange (STE), a service to manage token issuance and authentication for mobile and ecommerce transactions.
STE uses EMVCo standard tokens to stand in for actual account numbers, regardless of the payment instrument the customer chooses to use. Merchants, digital wallets and mobile apps simply store token information instead of live credentials – an effective way to protect customer account data without affecting the customer experience.
How it works