MRC Online Courses

Tokenization Essentials

The Tokenization Essentials course is a self-paced, entry-level course covering the basics of tokenization. The course includes an introduction to tokenization and will explore lessons on token providers and how tokens move through the payments ecosystem, network tokens, and how to choose a tokenization solution. 

The course is developed by the MRC in partnership with TokenEx and peer-reviewed by the MRC Education Committee.

Program Details

  • Program Level: Basic
  • Program Field of Study: Specialized Knowledge
  • Program Delivery Method: QAS Self Study
  • CPE Credits: 1.4
  • Advanced Preparation and/or Pre-requisites: Payment Essentials recommended.



  • Define tokenization and its benefits
  • Compare and contrast tokenization and encryption
  • Differentiate between network and PCI tokens
  • Describe in-house and third-party tokenization
  • Categorize types of third-party token providers
  • Detail the utility of differing token formats
  • Define network tokenization and its benefits
  • Distinguish network tokens and authenticated tokens
  • Identify key qualities to look for in a token provider
  • Outline critical questions to ask a potential provider

The Tokenization Essentials course is priced at US$75 for MRC members (plus applicable taxes). Non-members may take the course at the non-member price of US$150 (plus applicable taxes).

RAPID Edu Accreditation

The Merchant Risk Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

National Registry of CPE Sponsors logo

RAPID Edu Refund Policy

For the RAPID Edu program self-study courses, refunds and cancellations are determined on a case-by-case basis. Cancellations and requests for refunds must be communicated in writing to Refunds will not be issued once a course is started. Additionally, courses must be completed within one year of the course enrollment date.

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