If Your Token Vendor Goes Bankrupt, What Happens To Your Data?
Written by Walter ConwayOctober 7th, 2010
What would you do if your tokenization vendor goes out of business or gets acquired by a company with a whole different approach to tokenization? This is the ever awkward but increasingly important question every IT executive looking at tokenization needs to ask.
The reality is that there are many firms in the tokenization space today, and you cannot count on all of them being around forever. Some will change business focus, go out of business or be acquired. Because there are no standards for tokens across vendors, transferring to another vendor could be difficult, pens PCI Columnist Walt Conway. That means retail CIOs need to address what to do if (when?) the unforeseen happens.
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk.com? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
I have strong reservations about the 'individual' certification and posting of that information for merchants. Can you imagine the potential employee poaching that might occur? The implications when competitors can look up how many are certified with each of their competitors? 
-Christine
