FinovateSpring 2015 / Token

Presenter Profile:

How they describe themselves: Today’s payment rails are seriously out of date. The fast/secure initiatives by the Fed and The Clearing House (TCH) will fix the speed of the underlying money transport layer in the US. But there is a missing layer that sits directly above the transport layer that is required to have a robust state-of-the-art worldwide payment ecosystem for the $2 quadrillion dollar/yr B2B and B2C payment market. Token is partnering with major banks worldwide to provide that secure, fast, and compliant missing layer. Banks set fees on a per customer basis for each transaction.

How they describe their product/innovation: For the past 2,500 years, our payment rails have relied upon the use of shared secrets (such as passwords, account numbers, payment card numbers, and paper signatures). Shared secrets are the root cause of the never-ending security problems with payment cards, checks, and ACH. Tokenization is a band-aid, not a cure. The only real way to create a secure, fast payment ecosystem is to eliminate the use of all shared secrets by using end-to-end secure protocols with digital signatures. This has never been done before anywhere in the world. It is what sets Token apart from all other payment systems.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms


Bus. Dev., Press & Sales: Steve Kirsch, CEO,

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