Tokenization is a popular security technology used to protect consumer credit card data from thieves and hackers.
But how does tokenization work? And what are the main advantages of this payment solution?
When customers swipe their credit or debit cards at the checkout counter, their personal account numbers (PANs) aren’t stored in the merchant's payment system. Instead, these 16-digit PANs get replaced with randomly generated token IDs.
BluePay's hosted payment pages offer a secure and convenient way to begin accepting online payments within your e-commerce store. The setup process requires zero coding. You simply select the payment page that you want to use and upload it on your site.
Tokenization is a highly effective data security measure designed to protect sensitive information from prying eyes. When applied tofinancial transactions, tokenization frees merchants from having to keep credit card data within their payment systems. This helps to reduce their PCI scope and expense.