What is payment tokenization?
Tokenization is a process of replacing sensitive data with non-sensitive data. In the payments industry, it is used to protect a card’s Primary Account Number (PAN) by replacing it with a unique string of numbers.
This way you can securely store one or more payment details per shopper. This lets you offer subscription payments, automatic top-ups to shopper accounts, and give your shoppers a faster checkout experience by using their stored card.
Tip: Check out the benefits of tokenization and learn how to set it up.