Cardtokens provides network tokenization services that replace sensitive payment card information with unique tokens, enhancing security and reducing fraud risk for online transactions. Their solution also includes an Account Updater service that automatically maintains up-to-date payment details, minimizing declines and improving customer satisfaction for businesses reliant on recurring payments.
Funding
Funding not disclosed
Founders
Product
Problem
Online merchants face increasing risks of fraud and data breaches due to the storage and transmission of sensitive payment card information. Businesses relying on recurring payments also experience revenue loss and customer churn due to outdated card details.
Solution
Cardtokens provides a network tokenization service that replaces sensitive payment card data with unique, secure tokens, reducing fraud risk and simplifying PCI compliance for online transactions. Their solution integrates with leading card schemes through a unified API, enabling businesses to quickly implement tokenization without complex integrations. Cardtokens also offers an Account Updater service that automatically updates expired or changed card details, minimizing payment declines and improving customer retention for subscription-based businesses. By democratizing access to network tokenization, Cardtokens aims to make online payments more secure and efficient for businesses of all sizes.
Target Audience
Cardtokens serves acquirers, payment service providers (PSPs), and merchants who need to secure online payments, reduce fraud, and minimize payment declines.
Features
- Network tokenization that replaces sensitive card data with secure tokens
- Unified API for seamless integration with major card schemes (Visa, Mastercard)
- Account Updater service that automatically updates expired or replaced card details
- Reduced interchange fees for card-not-present transactions
- Lower monthly and yearly fees compared to traditional tokenization methods
- Risk-free approach allowing businesses to switch providers or integrate directly with card schemes
- Pre-certified solution that simplifies PCI compliance