MRC Online Courses

Tokenization Essentials

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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, network tokens, how tokens move through the payments ecosystem, tokens and PCI scope, and tokenization solutions.

This course will launch in early Spring 2023 but is available for pre-order now. The course is developed by the MRC in partnership with TokenEx and peer-reviewed by the MRC Education Committee. If you pre-order today, you will be automatically enrolled in the course once it launches.


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: None



  • Define tokenization
  • Understand the benefits of tokenization
  • Describe how tokenization differs from encryption
  • Differentiate between network and PCI tokens
  • Differentiate between in-house and third-party tokenization
  • Describe types of third-party token providers
  • Understand Apple Pay and Google Pay tokenization
  • Detail the utility of differing token formats
  • Describe the features of network tokenization
  • Detail the benefits of network tokenization
  • Describe network token lifecycle management
  • Understand network tokenization requirements
  • Differentiate between network tokens and authenticated tokens
  • Detail how tokens move through the payments ecosystem

*Learning objectives and CPEs are subject to change before the official course launch.

PRE-SALE: 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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