Visa Inc. announced that participants in Visa Token Service (VTS) are estimated to process a combined ecommerce volume of $1 trillion, marking a significant opportunity in its efforts to make digital payments more secure. Tokenization is a technology that replaces sensitive payment information with a unique identifier, or “token”, protecting the underlying sensitive payment information. The Visa simplified online checkout experience will replace Visa Checkout in the US starting January 2020, and will continue to expand globally through the end of 2020 to additional markets. The expansion of the Visa easy, smart and secure online checkout experience will help merchants offer a similar, seamless experience to consumers. According to The Visa Global Merchant eCommerce Study (GME Study), which was released yesterday, eCommerce leaders – and their international customers– want a similar online checkout experience. Executives from around the globe cite the most important factors in successful online sales as: quick delivery (44%), easy checkout (41%) and convenient payment methods (41%).