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Security through Tokenization with Managed Payment Services

Tokenization is the act of using a substitute value, or a token, which has no inherent value, in the place of data that does have value. Therefore, important information is never stored in the Managed Payment Services Gateway platform. If there ever was a security breach, only your tokens could be compromised, not your actual card data.

When merchants take advantage of our token system, they can store the token in their system without risk. To activate the token, a separate key is required, and it can only be used for that merchants transactions, nowhere else. Merchants can use tokens for additional sales, recurring payments, refunds and credits. SparrowOne merchants never handle card data significantly reducing their exposure in a security breach. It also repels cyber crooks when they found out a merchant is using tokens, they go elsewhere to find card data.

In the case of the SparrowOne MPS Gateway, we place (store) the token in the database in place of credit card information. The value for the token is stored our PCI Compliant storage system and is only referenced for external secure communications such as a transaction with a processor.

Key Value of Tokenization with SparrowOne

1. Internal Security
Tokenization protects sensitive information from those connected to your organization, including employees, vendors and suppliers. The randomly generated token IDs are unusable by anyone.

2. Reduced PCI Scope
Tokenization makes it easier for merchants to become PCI compliant. Because merchants don’t have to touch or store any data, they don’t have to invest as many resources protecting sensitive customer information. This makes PCI audits much simpler.

3. Online Protection
Tokens offer unparalleled protection for buyer transactions in a world where security breaches are an everyday occurance.

Work with a SparrowOne specialist to understand how you can leverage tokenization with your payment infrastructure.