Token Payment Service Essentials: Strategies and Business Considerations

The primary purpose of tokenization is to secure cardholder data, reducing the risks associated with data breaches and fraud. Tokenization is particularly important for businesses that process card-not-present transactions, including e-commerce and recurring billing merchants. Furthermore, tokenization enables a more seamless customer experience by facilitating features like one-click checkouts, auto-fill payment details, and recurring payments.
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