Tokenization is a secure way of storing and using card numbers by replacing the original credit card number with a randomized string of numbers. These random numbers are called a “token.” A tokenization solution captures the card number outside of the merchant’s platform, replacing it with the randomly generated token. The card number is stored securely and the token replaces it.
Using tokenization keeps a merchant compliant with PCI standards of handling cardholder data. By securely storing payment information, you’ll be able to set up recurring billing for your customers.
Stax tokenizes all payments to maintain Level 1 PCI compliance, the highest level of compliance available.