JCB and Adyen Launch Card-on-File (COF) Tokenization Service

Tokyo-based JCB, a major credit card issuer and acquirer, and Adyen, a global payment technology provider, have launched the card-on-file (COF) tokenisation service.

The service aims to improve payment security and efficiency for e-commerce transactions.

JCB’s new technology has been offered and implemented by Adyen both domestically and globally.

This service is designed to replace sensitive card details with a secure token, reducing the risk of data breaches and improving the payment experience for cardholders.

It also aims to streamline the payment process by keeping card data up to date, enhancing authorisation rates for transactions.

The service ensures that cardholders’ details are automatically updated in the token, negating the need for manual updates by customers.

JCB Brand Infrastructure Headquarters head and executive officer Tac Watanabe said: “We are pleased to take the first step in this area through our collaboration with Adyen, a pioneer in the COF solution. Moving forward, we plan to actively promote the adoption of COF tokens globally.”

Adyen chief commercial officer Roelant Prins added: “We are delighted to announce our collaboration with JCB in launching their COF token services both in Japan and globally, further enhancing the security and convenience for JCB cardholders and keeping pace with the projected growth of the e-commerce industry.

“We are fully committed to making this tokenisation technology widely available across various payment platforms, including mobile payments, to significantly enhance security for customers and increase authorisation rates.”

In March, Adyen expanded its partnership with Affirm to the UK market, allowing UK merchants to extend pay-over-time solutions to their customers.output: Tokyo-based JCB, a major credit card issuer and acquirer, and Adyen, a global payment technology provider, have launched the card-on-file (COF) tokenisation service.

The service aims to improve payment security and efficiency for e-commerce transactions.

JCB's new technology has been offered and implemented by Adyen both domestically and globally.

This service is designed to replace sensitive card details with a secure token, reducing the risk of data breaches and improving the payment experience for cardholders.

It also aims to streamline the payment process by keeping card data up to date, enhancing authorisation rates for transactions.

The service ensures that cardholders' details are automatically updated in the token, negating the need for manual updates by customers.

JCB Brand Infrastructure Headquarters head and executive officer Tac Watanabe said: "We are pleased to take the first step in this area through our collaboration with Adyen, a pioneer in the COF solution. Moving forward, we plan to actively promote the adoption of COF tokens globally."

Adyen chief commercial officer Roelant Prins added: "We are delighted to announce our collaboration with JCB in launching their COF token services both in Japan and globally, further enhancing the security and convenience for JCB cardholders and keeping pace with the projected growth of the e-commerce industry.

"We are fully committed to making this tokenisation technology widely available across various payment platforms, including mobile payments, to significantly enhance security for customers and increase authorisation rates."

In March, Adyen expanded its partnership with Affirm to the UK market, allowing UK merchants to extend pay-over-time solutions to their customers.