Online Payments 101: An Easy Tokenisation Explainer
There are few things in life as frustrating as having to enter your card details EVERY SINGLE TIME you shop online. It takes time. It’s error prone. And it’s the root source of many an abandoned cart. Bad for the visitor. Even worse for the business.
Tokenisation is the answer. Making repeat payments easy, tokenisation does away with the need for repeated information entering with an encrypted ‘replacement token’ (linked to the user’s card number) which is created after the first transaction.
The on-card data is then securely stored on the payment provider’s server (eg Cardstream’s), which lightens the load when it comes to your compliance requirements, while your visitor enjoys a quick check-out experience.
In short, tokenisation is an incredibly secure solution for storing cardholder data, without the red tape and worry about the ramifications of payment issues for your brand.
How tokenisation works with Cardstream
Want to talk about tokenisation? We’re ready when you are. Call the team on 0345 00 99 575 or email us via firstname.lastname@example.org.