Lexical Analyzer takes a sequence of characters identifies a lexeme that matches the regular expression and further categorizes it to token. Thus, a Lexeme is matched string and a Token name is the category of that lexeme.
For example, consider below regular expression for an identifier with input "int foo, bar;"
letter(letter|digit|_)*
Here, foo
and bar
match the regular expression thus are both lexemes but are categorized as one token ID
i.e identifier.
Also note, next phase i.e syntax analyzer need not have to know about lexeme but a token.