Tokenization in payments

Published: November 9, 2016
Last updated: January 20, 2021
Enter email and subscribe

Thank you for subscribing to our newsletter

What is tokenization in payments?

The tokenization technology was conceived as a method to facilitate secure electronic payments using data encryption. The coding system combats fraudulent actions by generating a set of symbols, known as tokens, which do not contain any personal data or sensitive information that could potentially be hijacked or manipulated by criminals.

How does payment tokenization work?

Tokenization encrypts payment card information into a random combination of character undecipherable to a third party, allowing it to be stored by an e-Commerce merchant without any risk of violating secure storage safety standards.

ECOMMPAY offers clients the Token Terminal technology, which is specifically designed for merchants engaged in accepting and facilitating payments to bank card users without holding the necessary certificates for the collection and storage of credit card details.

example of securely stored credit card

The Token Terminal can be engineered to redirect eCommerce customers to an external page or, alternatively, be embedded directly into the merchant website through iframe, which helps bind the card user’s data to his personal account.

The card payment tokenization option ensures that previously entered customer card data will be encrypted and stored remotely within the ECOMMPAY Token Terminal system, allowing regular customers to securely carry out payment transactions without re-entering their payment information.

To activate this service or to learn more about the tokenization technology, please contact our team.

Subscribe to ECOMMPAY Newsletter

Thank you for subscribing to our newsletter

Now you are a part of the ECOMMPAY community.

Subscribe to our Newsletter

Sign up to our bi-monthly newsletter to get the latest fintech news, updates and insights.
Business type*
The information you submit to us by filling this contact form will be processed in accordance with ECOMMPAY's Privacy Policy. We kindly encourage you to read our Privacy Policy carefully.
Thank you!
A confirmation message has been sent to your email address. Please click the link in the email to activate your subscription. If you didn't get the email, please check your spam or bulk email folder.

No results found. Please try searching for different keywords.