Easier card payment management is here

Network tokenisation improves payment security and introduces easy, automated payment card updates.

The process of

network tokenisation

Tokens improve security by replacing sensitive card payment data, such as the 16 digit Primary Account Number (PAN) and expiry date, with random characters that are meaningless if breached. With network tokenisation, the unique token can be used securely across the entire payment ecosystem including the acquirer, merchant, card issuer. This process ensures there is never an opportunity for the customer’s card data to be lost or misused, making it difficult for a criminal to use the details fraudulently.

Specifically, network tokens allow automatic updates of Card-On-File payment data when details such as expiry dates change, providing merchants and their customers with payment certainty. This saves businesses having to track down new cardholder information, improves authorisation rates and means less declined transactions and dishonour fees from their bank.

reliable
reliable

Enhanced card management security

Network tokens allow you to keep your credit card details guarded, preventing any fraudulent activity. This is achieved as a customer’s payment token can now be securely used across the entire payments ecosystem (including the acquirer, merchant, card issuer).

customers
customers

Less admin updating customer’s card details

With automatic updates to changed card details, you save time and money by not having to put resources towards tracking down late or missed direct debit payments due to out of date card details.

cash flow
cash flow

More predictable cash flow

When payment card details change or expire, they are updated automatically, without the need to have the new card details provided by the customer. This improves authorisation rates and means less declined transactions, resulting in better cash flow management for your business.

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Frequently Asked Questions

What is tokenisation?

What is tokenisation?

Tokenisation is where a customer's payment card information is transposed into a random string of characters (called a token) that has no relevant value if breached. As soon as a transaction is initiated, the card data remains as a token until it reaches the bank. Ezidebit uses tokenisation in our payment processing to secure data.

How does Ezidebit tokenisation work?

How does Ezidebit tokenisation work?

Currently, tokenisation is already available to all Ezidebit clients as a feature to taking payments. These payment tokens are securely stored in Ezidebit’s systems and are only relevant to Ezidebit’s transaction processing. If a card expires, the token may be invalid and the client then needs to contact the customer for new payment details.

What is network tokenisation?

What is network tokenisation?

Network tokenisation extends the benefit of using tokens. A customer’s card credentials such as the Primary Account Number (PAN) and expiry date are replaced with a unique network token, which enables automatic card detail updates when changes occur to allow payments to continue. This includes when a bank issues new cards to customers due to expiry or if a card is lost or stolen. This means Ezidebit merchants no longer need to seek out the new payment card details from their customers.

Who can benefit from using network tokenisation?

Who can benefit from using network tokenisation?

Network tokenisation will add value for any businesses that take recurring payments, where declined transactions occur as result of updates in their customer card payment information e.g. expiry date, lost/stolen cards.

Merchants using real-time online payments can still benefit from automatic updates to stored cards on file for single purchases. There will be improved cart conversions from the updating of expired cards, in addition to greater security and trusted transactions.

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