Tokenization

Merchants that retain payment card data have a responsibility to ensure it’s protected. Consumers expect their card information to be safe, but protecting this data can be a daunting task.

We believe there is a better way to approach card data protection so you can stay focused on what’s most important—running your business. That approach is to use Tokenization to replace card data with a substitute value—a token—that is useless to criminals who may be attempting to steal data.

Benefits

Tokenization can help merchants:

  • Eliminate the storage of card data to reduce the risk of a data breach and protect merchants from financial and reputational harm.
  • Allow processes that currently use card data, such as reconciliation, chargeback processing, loyalty tracking, and other functions to be used without sensitive card data.
  • Reduce costs by potentially reducing the systems that are in scope for PCI DSS compliance review.
  • Allow recurring payments to be processed without storing card data.

How it Works

  • Card data is entered into the POS system. Ideally this information is encrypted to protect it during transmission.
  • Transaction is received by our systems, decrypted if needed, and sent out for normal transaction processing.
  • A token is obtained for the card number and included in the authorization response sent back to the POS system.
  • The POS system retains the token (not the card number), along with the standard transaction data.
  • The token is retained in a payment data vault for recurring transactions.
  • The token is then used for a variety of tasks that occur after authorization, including settlement, reporting, reconciliation, chargeback processing, and other tasks.

Learn what Vantiv can do for your business.

Call 866-622-2880 or submit our contact form.

Protect Card Data

See how Vantiv Secure's component services combat fraud issues.

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