Tokenization services
To prevent sensitive data from being accessed by hackers or otherwise misused, Switchio provides tokenization services through the Switchio.Token solution.
Transforming sensitive data into secure tokens
At its most basic, tokenization is about creating a surrogate number – known as a token – and using it in place of the primary account number (PAN) attached to a payee’s bank card. By using tokens rather than PANs, companies involved in electronic payment processing help to ensure that sensitive data cannot be misused or exploited.
To prevent sensitive data from being accessed by hackers or otherwise misused, Switchio provides tokenization services through the Switchio.Token solution.
Tokenization
At its most basic, tokenization is about creating a surrogate number – known as a token – and using it in place of the primary account number (PAN) attached to a payee’s bank card. By using tokens rather than PANs, companies involved in electronic payment processing help to ensure that sensitive data cannot be misused or exploited.
Tokenization goes much further than encryption in protecting sensitive data. Encrypted data can be decrypted with a decryption key, and therefore viewed and misused. In contrast, tokenized data is irreversible, making it useless to hackers
Switchio.Token
The Switchio.Token solution has proven to deliver safe electronic payment processing in the Transport, Retail, Petrol and Parking sectors.
Switchio.Token consists of the following components:
- tokenization processor
- tokenization gateway
- tokenization app
Tokenization processor
Switchio’s tokenization processor stores sensitive data in a secure manner and performs its own tokenization based on applied cryptography and secure key management.
The processor is connected to a hardware security module and runs in accordance with PCI-DSS standards as well as relevant legislation.
Tokenization gateway
The tokenization gateway is a web interface used by Switchio customers – service operators, merchants, banks, acquirers and other payment processors – to securely register sensitive data in exchange for data tokens. The gateway is a responsive interface that works well on desktop computers as well as handheld devices.
Tokenization app
The tokenization app allows for easy integration of the tokenization gateway with third-party applications. For example, the app makes it possible for ticket inspectors to check whether a passenger has a valid ticket.
The OS Android-ready app works with multiple languages and multiple currencies.
- API to calculate the token from the sold input data
- Detection of EMV cards and subsequent token calculation
- Multilanguage, multicurrency
- Integration with TMS for secure key exchange (TTK, TEK, TMK) and full remote control & configuration
- Simple API integration with 3rd party application
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