The benefit of tokenization is that, as soon as the sensitive payment card data is captured, it’s replaced with an algorithmically generated, unique number sequence called a token. Consequently, the customer’s data is protected from hackers as it isn’t stored in the merchant computer system (only the token data is). And token data cannot be reverse engineered into payment card data.
Because NCR VOYIX uses tokenization and robust encryption to process card transactions, the number of PCI controls our partners need to maintain for compliance drops from 335 to 35.
Adopting cybersecurity best practices and becoming PCI-compliant can be mission-critical to your company’s long-term success, as well as their short term success in weathering the challenges of shifting to ecommerce. Not only can those measures lower your business’s risk factor for a data breach, they can also mitigate the damage if one does occur.
Finally, such measures also prevent against payment card fraud, protecting your company’s bottom line by reducing chargebacks, reimbursements and legal claims.
NCR’s affordable payment card processing services, in both the physical and online space, are both PCI-compliant and encrypted. As such, our clients can rest easy knowing that their customers’ data — and their own reputations — are being protected by some of the most sophisticated and most trusted cybersecurity technology currently available.
Contact us today to optimize your company’s payment card security.