Built into the SecureTrading API, Tokenisation provides you with a reference number (or token). The token is used in place of the card number for all refunds or repeat transactions.
Tokenisation eliminates the need for customers to repeatedly enter credit and debit card details and for merchants to send sensitive card details to acquirers via SecureTrading. The customer registers a credit or debit card with SecureTrading to store the sensitive card details required to process a transaction, including card number and expiry date. Upon receipt of the card details, SecureTrading sends a unique reference number (a Token number) in return that will be used for future transaction payments.
It enables the merchant to only send SecureTrading the reference number as part of the transaction process, instead of all the card details for future payments. This speeds up the entire payment process for customers and reduces the PCI burden on the merchant by taking care of the storage of the card number.
The benefits are clear with Tokenisation; removing the need for customers to be concerned with storing data thus meeting PCI Compliance requirements. As the token is used in place of the card number you don't have to incur the expense of redeveloping your system to store data in a PCI compliant manner, which can be very expensive. It is estimated that Tokenisation can cut your PCI compliance bill by more than 50%.
For more information please contact our Sales team on 0800 028 9151 or request further information here.
