PCI Proxy Network Tokenisation service is a beta feature which enables merchants to increase their payment success rate and improve their security.
As of today, Datatrans/PCI Proxy is a certified Token Requestor Provider for Visa (VTS) and MasterCard (MDES) network tokenisation. Support for American Express (AETS) will be added later this year.
Network Tokenisation is a concept introduced by the card schemes such as Visa, Mastercard and AMEX, based on the technical framework provided by Emvco (https://www.emvco.com/emv-technologies/payment-tokenisation/). Thereby, a Network Token (also called DPAN) is a 16 digit Primary Account Number (PAN) alternative which is unique per each cardholder as well as per mechant. Like a regular PAN, Network Tokens can be used for completing ecom transactions or sharing them with other partners in the payment eco-system.
By using PCI Proxy APIs a Network Token will be automatically generated once a cardnumber is collected - without any further implementation effort on your side.
Network Tokens offer a wide range of benefits for merchants such as:
Account lifecycle management (Card Updater)
Pro-active updates for credit card credentials
Network Token status (active, suspended, etc)
Higher conversion rate
Less declines due to automatically updated credit card credentials
Significantly higher authorisation rate at issuers compared to payments made without Network Tokens
Increased security & less fraud
Strict domain control / Merchant specific tokens
Each token has a one-time cryptogram
Get a picture of the card to show in the customer profile
Future-proof: Being ready for upcoming card services
Improved guest check-out
Merchants and Service Providers across various industries can benefit from Network Tokens. The following use cases are pre-distined for using Network tokenisation:
Subscription based businesses
Simply drop us a message if you're interested in taking advantage of Network Tokens. Our team will reach out and find the best way how to proceed together with you.