Tokenization
Merchants who maintain and manage customers’ credit card data take on significant,
costly, and ongoing
PCI compliance
responsibility and exposure. Tokenization is a process in which we store credit
card data and personal information in our
Customer Vault
returning a secure "token" or "alias" to the merchant. To initiate any future charges
(single or recurring) or to issue refunds, the merchant simply submits the "token"
avoiding exposure of customers’ sensitive billing information.
Storing credit card data and personal information in our Customer Vault gives you
the security and efficiency of outsourcing your payments.
- Reduce compliance costs
- Reduce exposure to fraud
- Simplifies recurring payment processing
- Flexibility to process transactions as and when required
- Easy for shoppers to make repeat purchases on websites
- Take customer payment information over the phone and keep it for processing on a
future date