Payment tokens set to eliminate ecommerce compliance challenge
Payment service provider Sage Pay has launched a simple and secure way of processing transactions that reduces the burden of compliance for online merchants. They say that by using using Sage Pay’s Token System, e-tailers can now offer a fast, single-click payment process for customers, without actually storing or transmitting personal information such as credit card details.
This new bolt-on to the payment gateway gives merchants the ability to convert credit card numbers - which are given directly to Sage Pay by online shoppers and stored within Sage Pay’s secure servers - into a token or card number ‘alias’. Tokens can then be safely stored by the merchant and are used to process transactions as and when required, which makes it easier for merchants to become Payment Card Industry Data Security Standard (PCI DSS) compliant.
The Token System also removes the need for returning customers to re-enter card details, whilst fully supporting the 3D Secure and CV2 re-entry process. Sage Pay believes this functionality will help e-tailers dramatically improve the overall customer experience and drive customer loyalty, without compromising security. Previously targeted at the large enterprise market, Sage Pay is the first PSP to offer this type of technology to businesses of all sizes.
Mat Peck, Sage Pay’s Head of Research and Development, comments: “For years now, PCI DSS has presented a real challenge for online merchants and retailers, as they attempt to balance the complexities of providing an easy to use and inherently positive user experience, with the limitations imposed by strict regulation. Now we can help them do both, and at a relatively low cost to their business.”
Sage Pay’s Token system will also support e-tailers’ ability to 'attract loyal customers by providing a new single click payment process allowing them to revisit a merchant’s website time and again without having to re-enter card details'.
Sage Pay’s Token System is available for use with Sage Pay Go with Server or Direct integration.
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