Posted on 03/02/2012 at 11:24
LMX Touristik has opted for Wirecard’s tokenization solution
Leipzig-based LMX Touristik GmbH is expanding its strategic alliance with the Wirecard AG.
In addition to payment processing, LMX Touristik has opted to use the tokenization server, which offers secure, PCI-conform handling of its customers’ credit card data.
LMX Touristik compiles package tours on a day-to-day basis, and offers travel components at daily prices. Since the company was formed in 2001 the tour operator has grown constantly to become one of the leading providers on the market for “virtual” travel operators. LMX Touristik sells its products via travel agents and Internet portals.
“We have been using the Wirecard platform for many years, as we want to make sure that bookings are 100% secure for our customers. The tokenization server offers our customers maximum security, which is why we have engaged our service provider activate communication systems to put this in place,” commented Mario Krug, LMX Touristik’s managing director.
Tokenization is a new method which replaces sensitive data such as credit card numbers with a so-called token. End-to-end integration in the company’s software ensures that data stored locally is only available as a token.
Jörg Möller, Executive VP Travel & Transportation at Wirecard AG added: “Tokenization is the best solution when it comes to data security and data protection. The storage of confidential card data in payment systems is kept to a minimum. LMX Touristik will benefit from our technology experience when integrating our solution into its booking systems.”
Wirecard has already been processing credit card and direct debit payments on behalf of LMX Touristik for six years.
Visit Wirecard at the ITB in Berlin, Hall 6.1, booth 139.
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