Tokenization

TOKENIZATION: CREDIT CARD DATA ENCRYPTED AND SECURE

The payment process with credit or debit cards is always exposed to a constant threat from criminals. There are particular risks involved in the transmission and storage of card data. With tokenization, Novalnet makes credit card payments online and offline as secure as possible. Tokenization is a powerful solution for merchants to protect their customers’ debit or credit card information. The method only uses encrypted data in the payment process. Instead of the real card numbers, Novalnet works with substitute numbers (tokens). The sensitive original data are only stored on an external tokenization server, on which they are safe from unauthorized access. With this procedure, we minimize the risk of card misuse and protect you and your customers.

Your customers enter their credit card number when paying. This is transmitted to an external tokenization server, where it is encrypted and only the encrypted data, the tokens, are used in the payment process. As a merchant, there is no direct processing and storage of payment data. This solution saves you costs and effort for PCI audits. You fully comply with the guidelines of the Payment Card Industry (PCI) and the Data Security Standard (DSS), which oblige you to protect your customers’ credit card data from fraud. Tokenization is, therefore, an effective tool for fraud protection and PCI compliance.

In addition, tokenization offers you a secure and elegant way of reusing payment and customer data that have already been processed for later purchases by your customers. The term token describes the payment reference (also known as the alias).