TOKENIZATION - Payment Processing News

TOKENIZATION

Tokenization

Tokenization is a powerful security feature that allows a merchant to support all of their existing business processes that require card data without the risk of holding card data and without any security implications, because tokens are useless to criminals, they can be saved by the merchant as they do not represent any threat.

The liability and costs associated with PCI compliance is substantially reduced and the risk of storing sensitive data is eliminated.

Tokenization applies to credit card and gift card.

Merchants set up for the tokenization service receive responses that include a token.

The token generated is not linked to a specific transaction but to a specific card number and the token generated for that transaction will be identical for every use of that card number and merchant.

Furthermore, you can generate a token and save the token with associated information in the Card Manager.

For Electronic Payments with Tokenization call now 888-996-2273

or click here NationalTransaction.Com

 

 

May 5th, 2017 by