Tokenization: Safety for Credit Card Payments

With Wirecard’s tokenization solution, merchants, airlines and mobile network operators can improve data security and simplify PCI compliance for credt card payments.

Tokenization with Wirecard:

•    Reduced scope and cost of a PCI DSS audit
•    Accelerated time to PCI compliance
•    Increased security and brand protection
•    Seamless integration with enterprise systems
•    Pay as you go
•    Low capital cost through cloud solution

Tokenization is a process through which sensitive data is replaced with a surrogate value known as a “token.” The token can subsequently be used to reference the original data which is stored in Wirecard’s secure, PCI-compliant data vault.

Merchants who store credit card numbers on-site are accountable for meeting PCI DSS requirements and invite unnecessary risks. From large corporations to small and medium sized merchants, protecting sensitive information remains paramount – as failure to do so can result in irreparable brand damage and financial loss.

Wirecard’s tokenization solution offers companies the opportunity to eliminate storage of sensitive data, significantly improving data security all while reducing the scope and financial burden of PCI compliance. Merchants no longer need to store credit card numbers, yet can continue to conduct business as usual with “tokens”.  By minimizing sensitive card information handling, and never storing the data, merchants minimize their risk of credit card security breach.

In fact, when used in conjunction with Wirecard’s Payment Page, merchants can accept payments without ever coming in contact with sensitive card information. This results in the simplest PCI Compliance Scenario, as the merchants’ systems can arguably stay completely out of scope of the audit.

Wirecard’s tokenization offering is fully compliant with the PCI DSS Tokenization Guidelines issued by the PCI Security Standards Council.