Solupay Blog

What is Tokenization, and Why Should I Care?

Posted by Joe Musitano on Sep 26, 2018 9:53:02 AM

Tokenization is more than just a buzz word when it comes to payment processing. It is a security measure that will drastically reduce the scope of PCI Compliance when it comes to storing cardholder data. But there is still a good amount of confusion surrounding tokenization and why it's important, especially in the world of mobile payments. Here is some information that will help clarify this topic:

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Topics: NetSuite SuitePayments, Multi-Merchant Tokenization, Card Security

What is Tokenization and Multi-Merchant Tokenization?

Posted by Joe Musitano on Feb 5, 2015 4:31:35 PM

In one of our "Bill Gates meets Steve Jobs" moments a few years ago, the innovators here at Solupay changed the world with "Multi-Merchant Tokenization." OK, OK... perhaps comparing us to technology legends is a stretch,and maybe this concept won't revolutionize the world like Apple and Microsoft have done, but we did coin the phrase Multi-Merchant Tokenization, and it’s really not a hard concept to understand and see why it has been successful. Plus it has proven to be an added convenience for customers of e-commerce merchants, while making life easier for the merchant while providing a better end user experience.

Let's take a closer look at Tokenization and Multi-Merchant Tokenization.

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Topics: Multi-Merchant Tokenization

3 Key Benefits of Tokenization

Posted by Joe Musitano on Nov 19, 2014 2:54:45 PM

Before jumping into the benefits of tokenization, let me explain to you a bit about what is tokenization and why it is important.

Tokenization for your payment card processing technology removes sensitive cardholder data and replaces it with a worthless token. These tokens then become the customer identifier (as opposed to the actual card number) in the merchant’s system. As you can imagine, this is quite the buzz in the payment processing industry.  As we have seen far too often, credit card numbers are big Target (pardon the pun) for hackers.

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Topics: Multi-Merchant Tokenization