Visa launches new service to secure online payments

(Reuters) - The world's largest credit and debit card company, Visa Inc, launched a new service to replace account information on plastic cards with a digital account number known as "token".

Visa said tokens would not carry a consumer's account details, and online merchants and mobile devices would be able to securely store them.


(Reporting by Amrutha Gayathri in Bangalore; Editing by Joyjeet Das)