Secure Data Tokenization Solution
Today's businesses are magnets for criminals trying to hijack, steal or destroy personally identifiable information, medical records and credit card numbers. The increasing frequency and severity of data breaches proves these cyberthieves are highly motivated and sophisticated, knowing exactly where and what to target.
The fallout from a data breach equates not only to lost sales and revenue for a company, but lawsuits, damage to its brand and reputation, customer loss, and stiff fines for not complying with Payment Card Industry Data Security Standard (PCI DSS). Conforming to PCI requirements and federal privacy laws, even with state-of-the-art technologies, can be difficult and expensive since every touch point where data is handled must be secured.
CardVault® from 3DSI is an innovative and proven data tokenization and payment processing solution at the forefront of payment system security. CardVault helps you remove the risk and threat to your business by removing card data from your environment.
The Tokenization Concept
The premise of exchanging or replacing valuable data with substitution values is central to the tokenization concept. You submit cardholder data to CardVault in 3DSI's secure payment processing network where it is encrypted and stored, and the token is assigned and returned to your company's system.
Thereafter, you send transactions to 3DSI using the token instead of the actual card number. Using tokens does not change the payment processing experience – just like purchase cards or credit cards, tokens can be used for sales, refunds, voids and credits – but only with your 3DSI CardVault account.
Tokens have no meaning by themselves and are useless to criminals if your company's system is compromised in any way. For example:
Actual card number 2123 3456 5678 6789 becomes token value AEGHV234AUD54367. Format emulating options are also available.
Because it is not "cardholder data," a token can be safely transmitted through your network between various applications, databases and business processes while the sensitive data is securely stored and encrypted in CardVault's centralized data repository.
Available since 2003, CardVault leverages 3DSI's expertise and stores customer data at secure, PCI certified processing centers, and supports transactions requiring "Level-3" information (line item detail). 3DSI specializes in business-to-business (B2B) Level-3 processing and has saved clients significant dollar amounts by reducing card fees through better interchange qualification.
Like all 3DSI services, CardVault is fully integrated into Payment WorkSuite, a new high-performance payment platform that gives businesses of every size the ability to manage the increasing complexity of payment and data security requirements. The platform includes an array of feature-rich applications designed to be independent yet fully interoperable with one another, allowing clients to mix and match the services that best fit their needs.
The complete Payment WorkSuite lineup – CardVault, EC-Zone, EC-Linx, EC-Batch,
EC-Sentry and EC-Navigator – has been designed from inception as stand-alone applications that can be both securely separated, yet tightly integrated, and universally administered in EC-Navigator.
