What is payment tokenization and why is it important? |
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Payment tokenization is the process of substituting a value, or token, for cardholder information. This includes information such as:
The actual customer data is stored on a secure server so that the only information submitted in a transaction are the tokens, reducing the risk of information being compromised. Tokenization is vital not only to protect your business from hackers and data breaches, but to help keep your company in compliance with the Payment Card Industry Data Security Standard (PCI DSS). |
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