Tokenisation as a Service
SecureCo built its own capability around Tokenisation as a Service to mitigate the risk associated with storing cardholder details in a merchant’s business.
How SecureCo’s Tokenisation as a Service works
- When an authorisation or payment is processed, SecureCo stores the associated cardholder data within its secure token vault.
- A “token” is then returned that resembles a normal credit card number, but is invalid if someone else tries to make a payment with it.
- This token may then be reused by the merchant to make additional charges on the account.
- Since the token can only be used by the merchant that created it, it is safe to store within the merchant environment.