Guavapay is a high-tech company with the strongest security level that implements diverse high-tech solutions and tools to prevent all possible external interference. Thus besides the 3D Secure V2 and Fraud Monitoring solutions Guavapay supports tokenization.
Tokenization is the process of replacing the sensitive data with another data known as token. The process is highly important since it safeguards the customer's information and prevents theft from the card.
Tokenization Service allows you to perform safe payments. The service does not transfer the buyer's bank card number to the seller. Instead, a token is assigned to the card - a randomly generated value that will be used to complete transactions. In this environment the customer confirms his identity by adding a card to the mobile application, and created security tokens are stored in the client’s mobile device, this in turn improves transaction security for both the seller and the client. Tokens safely pass through the network without the need to expose the card details such as card number. Clients are protected from unauthorized access to card data.
Data tokenization is a perfect tool to keep you in compliance with PCI DSS and keep data safe.
If you store card data information there is always the minimal risk to be exposed to a breach. Tokenization will minimize the risk by securing your data.
Added security from mobile wallets
With the acceleration of mobile wallets the extra layer of security is provided by means of tokenization because third-party apps implement an extra layer of biometric data or a password to get an access to their mobile wallets before going forward to the site.
Guavapay priorities have always been the convenience and security of the customers. To provide frictionless payment experience Guavapay offers its clients the benefits of the Apple Pay, Google Pay digital wallets and other tokenization services, as well as the virtual tokenization services Visa Checkout and MasterPass.