Credit Card Tokenization

March 7, 2011

March 7, 2011

You are in: Home » Blog » Credit Card Tokenization

Categories

If you wish to store customer credit card numbers for later use and avoid costly and irritating PCI security audits, the easiest way is to store the card numbers with a gateway that offers tokenization (most gateways do) or use a payments abstraction layer like Spreedly Core that offers tokenization.   You pass the card number in via API […]

46 Seconds to Discover Thousands of Wasted Dollars in your Business.

82% of companies find $12,000 wasted annually. How much are you losing?

nexus-feefighters-quiz-saving-money

If you wish to store customer credit card numbers for later use and avoid costly and irritating PCI security audits, the easiest way is to store the card numbers with a gateway that offers tokenization (most gateways do) or use a payments abstraction layer like Spreedly Core that offers tokenization.

 
You pass the card number in via API and get back a token or key that can be used to conduct transactions on the stored card number later, so you are only storing a token, not the actual card number.  If your servers were to be compromised you are safe because the tokens can only be used with your gateway account and merchant account. Many businesses wish to store customer credit card numbers for later use.  For example, an ecommerce store might want to save payment information on a first purchase so the customer doesn’t need to enter the same payment information again the next time he/she shops. However, storing customer credit card numbers on your own servers is very risky.  In order to get a merchant account with a credit card processor you will need to certify that your business is PCI compliant.   The easiest way to be PCI compliant is to not store card numbers locally because it avoids the need for a security audit.

Reduce Credit Card Processing Fees

with FeeFighters

Leave a Reply 0 comments

Recent Posts

The transportation and moving industry has unique needs when it comes to merchant services like payment processors, merchant accounts, and POS systems. This article will talk a little bit about what your merchant services options are if you own a transportation company, along with some special considerations and potential roadblocks you might encounter. Let’s get […]

Sofi Loans is a company offering a number of different types of loans to customers. To that end, Sofi offers personal loans, mortgage loans, student loans, private loans, and other types. Here, we’ll dive into their offerings and tell you more about what they are, and more importantly, whether or not their loans are a […]

When you’re trying to choose a payment gateway provider, all the choices can be overwhelming. There are some great companies out there, all offering a variety of products, options, and packages. It can be hard at first glance to tell what the pros and cons of are for each. This post will go through what […]

Stripe is one of the most popular service providers offering payment gateway software solutions for merchants. Stripe takes the process of technical integration with gateways, and makes the process easy for business owners. This post will discuss what Stripe is and how it works, and then outline the pros and cons so you can decide […]

© 2019 – FeeFighters, LLC – Call Us – (646) 448-8804

PO BOX 1459, MOUNTAINSIDE, NJ 07092