Tokenization

Accumulating customer credit and debit card numbers “in the clear” would allow merchants and enterprises to face up with the huge potential for hacking and fraud. PayCEC provides a common tokenization vault which eliminates payment information from the merchant’s network.

All essentially sensitive customer’s data would be replaced with a unique identifier or token that cannot be mathematically reversed. The actual payment data is securely stored in data centers which are operated by Visa Inc. Generally, the last four digits of the card will be retained by the token as a means of accurately matching the token to the payment card owner, enabling the merchant to run its operations without card data in the business environment.

With the tokenization feature, PayCEC allows:

The token format fits legacy payment card data fields
Generating token by using proprietary algorithms and cannot be mathematically reversed
Tokens support all payment actions and checkout models including one-time authorization, capture and settlement, credit, and partial credit, split capture, reauthorization, and standard checkout