Tokenization allows merchant to charge customer’s credit card without the need to enter the credit card details each time.
Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the critical information about the data without compromising its security. The vital part of this process is its ability to make any important or static information unreachable by replacing the card number with a unique token.
Tokenization application shall be subjected to senangPay approval. Merchant applied for mass payment feature must have Terms of Contract or agreement acknowledged between merchant and the other party user.
Tokenization makes it more difficult for hackers to gain access to cardholder data, as compared with older systems in which credit card numbers were stored in databases and exchanged freely over networks.
PCI compliance is mandatory for every eCommerce merchant that accepts credit or debit card payments on their website. All information entered by customers is sensitive data, so it must be well-protected.
The main purpose of the PCI DSS is to reduce the risk of debit and credit card data loss.