Stored Profile for Tokenization of Credit Card Numbers
Tokenization

Tokenization

 

Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data without compromising its security. Tokenization, which seeks to minimize the amount of data a business needs to keep on hand, has become a popular way for small and mid-sized businesses to bolster the security of credit card and e-commerce transactions while minimizing the cost and complexity of compliance with industry standards and government regulations.

Payment card industry (PCI) standards do not allow credit card numbers to be stored on a retailer’s point-of-sale (POS) terminal or in its databases after a transaction.

 
 

Tokenization makes it more difficult for hackers to gain access to credit card data outside of the token storage system. Implementation of tokenization will simplify the requirements storing credit card data since the credit card information is never stored by the merchant.

The Fast Charge User Profile feature allows the merchant to process returning customers with a token without the need to store sensitive and confidential customer information on the merchant’s server. Storing sensitive information requires secure servers, in addition to various certifications. The features include the ability to Add a Profile, Import a Profile, Update a Profile, and Delete a Profile for all your Check or Credit Card transactions.

 

Some features of using the Fast Charge Stored Profile Tokenization System:

  • Create and Store a Profile.
  • Process Recurring Transactions
  • Process a Transaction Using the Stored Profile.
  • Delete a Stored Profile.
  • Update the Stored Profile.
  • Retrieve a Stored Profile Credit Card Number.
  • Issue Credit using the Stored Profile.
  • Retrieve transaction results of the last transaction.

 

Tokenization

Why should you enable Tokenization for your business?

  • Simplify PCI Compliance – You are concerned with PCI compliance and protecting your customers’ confidential information.
  • Process Recurring Transactions or Usage Charges – You bill your customers different amounts or on different days each month, or only when the service is used. (e.g. utility companies or pay-as-you-go cell phones)
  • Store Customer Data – You want to provide returning customers with the convenience of not having to re-enter their personal data every time they visit your Web site.
  • Provide Payment Flexibility – Your customers can store multiple payment methods for repeat purchases.
  • Save Multiple Shipping Locations – Your customers can also save multiple shipping locations.

The Merchant Profile was created for Merchants Such As:

  • Hotels & Travel Reservations
  • Parking Garages
  • Time Shares & Vacation rentals
  • Property Management & Rent Payments
  • Pay Per Minute or Per Occurrence Services
  • Memberships

 

Other Features of the Merchant Profile System:

  • Process Recurring Transactions – You bill your customers different amounts or on different days each month. (e.g. utility companies)
  • Process Usage Charges – You bill your customers only when the service is used. (e.g. pay-as-you-go cell phones)
  • Simplify PCI Compliance – You are concerned with PCI compliance and protecting your customers’ confidential information.
  • Store Customer Data – You want to provide returning customers with the convenience of not having to re-enter their personal data every time they visit your Web site.
  • Provide Payment Flexibility – Your customers can store multiple payment methods for repeat purchases.
  • Process Irregular Recurring Charges –  You can carge your customers on a recurring basis when the schedule is not consistent.

PCI Compliance:

  • Protect stored cardholder data by not storing card numbers locally. To reduce the risk of compromise and mitigate its impacts if it does occur, it is important that all entities storing, processing, or transmitting cardholder data be compliant.

 

stored profile

 

 

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