article thumbnail

Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches. This enables rapid scaling of new payment use cases, without duplicating risk exposure.

article thumbnail

Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. This is a critical trust moment—delays or confusing messages can spark doubts or trigger duplicate charges if customers retry payment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Guide to Payment Tokenization

Stax

Tokenization streamlines PCI DSS compliance, can improve customer retention, and provides an extra layer of security for payment collection. It stops a common fraud from occurring where hackers will steal customers credit card information and then duplicate it and put it on another card, which they will then use for purchases.

PCI DSS 88
article thumbnail

How to Optimize Your Invoicing and Billing Processes

EBizCharge

These include regulations such as Payment Card Industry Data Security Standards (PCI-DSS), General Data Protection Regulation (GDPR), and local and industry-specific invoicing laws like the Health Insurance Portability and Accountability Act (HIPAA). Failure to comply can result in fines or legal issues.

Process 52
article thumbnail

The Ultimate Guide to Salesforce Payments

EBizCharge

PCI compliance and security Integrated payment gateways typically come with built-in security features such as full compliance with Payment Card Industry Data Security Standards (PCI DSS) , tokenization, and encrypted data transmission.

article thumbnail

Understanding NetSuite Payment Processing and Its Benefits

EBizCharge

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process 52
article thumbnail

Another Cloudless Day: IntraNext Software Saves Call Centers From Migrating

PYMNTS

However, for companies that have invested years and dollars building their own systems around the particular requirements and flows of their business, the migration becomes much less attractive, as those things can be difficult to duplicate in the cloud.