PayU tokenization features for online payments

Tokenization is a process of replacing sensitive data with non-sensitive data. It is used to safeguard a card’s PAN by replacing it with a unique string of numbers.

Compliance and safety for all of your online payments

Tokenization plays a critical role in fortifying online payments and safeguarding a user’s credit card information. Tokenization protects payment data in multiple ways, such as in the safekeeping of sensitive data and cryptographic control, ensuring that an unauthorized party cannot reveal the original PAN (Primary Account Number) associated with a generated token, and more.

 

 

The Token Vault

In a tokenized transaction, the merchant never touches the customer’s actual payment details. Instead, when the customer pays the details are sent to the relevant provider’s Token Vault, and returned in the form of a unique “token” identifying the customer to the merchant.  The next time the customer buys something from the merchant, the same token is used without the merchant having responsibility over the customer’s data.

 

Many types of payment providers can operate a token vault, provided they meet the required level of PCI-DSS compliance. PayU is a PCI-DSS Level 1 Certified Processor, allowing us to offer merchants a single, cross-platform tokenization solution. Most PayU merchants use our tokenization technology to reduce PCI scope and risk.

How does tokenization work?

Explore the graphic below to see how PayU’s tokenization solution protects merchants as well as digital consumers.

Harnessing the power of network tokens

 

Through a collaboration with major credit card companies, PayU are also able to offer merchants the benefit of network tokens (on top of the tokenization process we already deploy). Network tokens are generated via tokenization services offered by the major card networks.

Although similar in concept to our existing tokenization, what differentiates network tokens is that they also allow payment processing without ever exposing the shopper’s actual card details. Network tokens offer higher approval rates in comparison with payments executed without network tokens, in addition to better security and an improved checkout experience.

From a compliance perspective, network tokens give merchants the opportunity to manage the network token’s status and suspend it if needed, and allow for easier adoption of EMVCo network token standards with minimal additional integration.

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