Card 24-Tokenization is a process of substituting banking data with tokens to help a institutions protect their customers’ information, and for merchants to store and reference the tokens when accepting payments.
Card24’s tokenization service offers tokenization and de-tokenization options through dedicated authorization, clearing, chargeback interfaces or via web services and batch interfaces.
Each data element is associated with a unique token, and this token shares certain characteristics with the original data elements such as character set, length, etc.
Card24 offers several ways of use depending on the customer’s needs:
Support for local payment systems, support for international payment systems, management of ON-US transactions, and minimization of impact on electronic payment systems.