Good news : VISA & Mastercard's token system
 

Here is the source


I don't know how many people know about this, wanted to share.

However, I couldn't understand the part below. Is it something like the 3D ?

This is great news. Builds more trust in the system. More scrubbing but better for the overall system.

If they can reduce fraud that much I wonder what fees will go up to make up for the lost chargeback fine revenue.