Network Tokenization service for retail
Elevate your e-commerce experience through Network Tokenization
More security, more convenience, and even more conversions for your e-commerce business.
A frustrating or complex checkout experience has a definite impact on successful eCommerce transactions - often leading to abandoned carts. One way retailers have attempted to alleviate this concern is to offer Card-on-File – where payment card details are retained for future or recurring purchases.
However, the implementation used for card-on-file can lead to security and customer experience concerns:
- Cards become expired, lost, or stolen, making Card-on-File details outdated.
- Issuers may consider card payments fraudulent, leading to a declined transaction.
As a result, the customer must re-authenticate or re-identify, making the transaction more complex and potentially leading to cart abandonment. This less-than-optimal experience directly impacts the sale.
What is Network Tokenization? Your invisible e-commerce shield
Network Tokenization enables card data that a merchant usually holds on their systems to be replaced with a unique, merchant-specific token. Using tokens, the actual card data is not transmitted or stored, significantly reducing the risk of data breaches and unauthorized access to cardholder information. For a seamless e-commerce experience, leveraging network tokenization allows you to offer your customers a seamless checkout experience while keeping their payments secure and avoiding card-on-file pitfalls.
eCOM Tokenizer, from G+D and our trusted digital solutions business G+D Netcetera, is a solution supercharged with Network Tokenization that enables you to redefine everyday e-commerce.
This holistic solution boosts the e-commerce business for merchants and PSPs by combining the highest levels of security with a seamless customer experience.
Benefits every player in the payment ecosystem
Our partnership with G+D allows us to go one step further and create an intelligent network tokenization solution compatible with all card schemes, allowing for seamless data exchange and scales flexibly.
eCOM Tokenizer in a nutshell
A single harmonized API that provides access to the tokenization services of multiple schemes. This solution speeds up time-to-market and drastically reduces complexity.
Automatic implementation of scheme updates reduces overall maintenance efforts.
Reinvent the online checkout experience by offering value-added services like Click-to-Pay for your guest checkout.
Awards
Resources
Insight article
Network tokenization – redefining the e-Commerce experience
How can online merchants and payment service providers design the e-Commerce customer journey so it delivers both improved security and a better checkout experience? Network tokenization has emerged as the clear answer.
This technology sits invisibly behind transactions and boosts the e-Commerce business for merchants and PSPs while striking a balance between robust security and seamless CX.
Case study
G+D & Gr4vy Team up
Merchants need to quickly adapt in our hyper-competitive environment, striking a balance between robust security and an exceptional user experience while making online purchases. G+D and Gr4vy have teamed up to provide a seamless solution.
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If you have any questions about our end-to-end business solutions or about our SecurityTech company, seek expert advice, or want to give us your feedback, our team is here to support you, anytime.