Tokenization
In the world of electronic commerce PCI (payment card industry) security standards compliance is a key factor for anyone who is involved in processing of electronic payments.
PCI security standard ensures network safety, cardholder’s data protection, strong system access management, comprehensive information security policy and other measures that determine your client’s loyalty and, ultimately, the success of any e-commerce business.
Anyone who intends to process credit card payments, store and transmit sensitive credit card data must be PCI compliant or cooperate with PCI compliant service provider.
The System fully meets all electronic commerce PCI standards and, thus, can be your reliable partner in processing credit card transactions and lift your PCI compliance burden.
Tokenization Service allows you to process credit card payments, store and transmit your customer’s sensitive data without the need of meeting PCI standards in full.
Ultimately, we take your customer’s sensitive credit card data and return it to you in a form of a Payment Token, which you can use for all the subsequent operations with the same credit card. We store sensitive data on our server and make sure this data never touches your system.
Tokenization is the process of substituting sensitive cardholder data with a secure token,
for the purpose of heightened security and to prevent the theft of stored credit card information.
In the payment industry, tokenization is a way of protecting sensitive cardholder information to comply with industry standards and government regulations (PCI compliance).
Reasons to use tokenization include:
•For a PCI-compliant integration. In this case, sensitive data is not stored on your server.
•If you are going to use sensitive data for multiple transactions. Here, you can substitute credit card data with a token for all subsequent transactions.
You can access the Tokenization service two ways:
Via the direct API transaction processing request with tokenization parameters
Via the embedded iFrame in your application checkout solution