Abstract: Packaging for authentication tokens is disclosed that supports individual card-shaped tokens. The packaging supports multiple cards in a single tray that separates the cards from each other, protects the buttons of the cards from inadvertent activation, and protects the display window from damage. The packaging includes a tray having a base, walls extending from the base, a plurality of engagement members for holding each card, and a cover. The walls include a pair of sidewalls and at least one interior wall, each sidewall having an inner surface with a plurality of slots and the interior wall having an outer surface with a plurality of slots. The slots in the sidewalls correspond in number and location to the slots in the interior wall, the paired slots together forming a card engagement member.