As digital transactions become the norm, the need for robust security measures in payment processing is paramount.
Altron FinTech ACS, using the digital card and iTSP solutions offered through Entrust, provides banks and financial institutions with Digital Card and Tokenization solutions that seamlessly integrate into their existing payment and banking systems.
Customers are also more likely to trust businesses that use Altron FinTech ACS’s robust security measures to protect their card information. Tokenization protects submitted data through secure APIs when submitted to the TSP. When data is received, the TSP generates a unique token that replaces the sensitive data, which is useless and without meaning if intercepted.
In the event the original sensitive data is needed, such as for refunds or settlements, the token can be submitted back to the TSP, which will return the original data after proper authentication and authorization.Tokenization supports organizations in complying with regulations such as PCI DSS by minimizing the storage of sensitive or risky data.
Utilizing strong encryption and secure storage mechanisms, Altron FinTech ACS safeguards sensitive data against potential breaches.
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