Reduce Risk and PCI Compliance Cost with Tokenization
How it works
Tokenization is a data security model that replaces sensitive data like credit card information in applications and database fields with a token. The sensitive card data is encrypted and stored in a central data vault, where it can be unlocked only with proper authorization credentials. The token can then be safely passed around in applications, databases and business processes, leaving the encrypted data the token represents securely stored in the data vault.
Reduce PCI Scope
Tokenization can reduce risk of payment data compromise and minimize the costs of PCI DSS compliance, because it replaces valuable information with meaningless tokens. Since all businesses that store, process or transmit payment data are subject to PCI and given that there are approximately 280 different security requirements, reducing PCI scope (the number of requirements that apply) through the deployment of a tokenization solution can reduce both the cost and effort of becoming and remaining PCI compliant.
In addition to helping businesses achieve compliance with PCI, tokenization can reduce the risk and costs of a brand damaging data breach. Hackers are focused on finding and stealing payment data that they can sell to criminal organizations globally. With our service provider tokenization method, you outsource both the sensitive data transmission and storage to us. We further build on this security method with encryption of both the sensitive payment data and underlying code that your business has no ability to decrypt, further removing our clients from PCI scope.
Please include us in your RFP. Our full service solution includes tokenization as a standard feature.