Protect your customers’ credit card data when they make payments over digital platforms.
Innovation
New payment channels, simple and convenient end-user experience and dynamic updates of credentials.
Security
Unique tokens for specific domains, ID pre-verification, more secure payment methods and reduce fraud risk.
Operational savings
Improved approval rates, fewer chargebacks and brand incentives apply.
Tokenization scope
- Transactional: System adaptations to receive and process detokenized transactions.
- Responds to digitization requests from the various token requesters and authenticates the requester's identity.
- Notification management to send OTPs and other messages.
- Token/card lifecycle: Automated token and card lifecycle management.
Use cases
- eCommerce and card-on-file tokens: If all issuer rules are met, these token requests are usually approved without cardholder authentication. This is known as a green flow.
- Wearable devices: These are all wearable devices that have digital wallets and allow the user to make token requests. Some well-known examples are the wallets used in Fitbit and Garmin devices, which store the token in a secure component of the device itself. These usually require user authentication in order for the request to proceed, which is known as a yellow flow.
- Industry wallets like Apple Pay, Google Pay, and Samsung Pay. These are wallets that allow token requests for cards from multiple institutions worldwide. These wallets are classified by the brands as special use cases due to their particular characteristics.
- Issuer wallets: Generally used on Android devices and can be classified as either (a) a wallet issued by a financial institution for its customers only, or (b) a multi-issuer wallet where multiple issuers can integrate their cards.