PAYMETA’s Secure Vault for Every Business
Secure Vault is a card tokenization which empowers dealers utilizing the service to save their customer’s card information in PAYMETA's PCI DSS Level 1 database and get a token to be needed at the time of processing future transactions instead of utilizing the card number.
The customer’s vault enables dealers to safely store payment data in a PCI compliant environment that can come to use for future payments. A business can spare different payment techniques with a single customer vault ID for online web transactions. Electronic payments and the credit card both can be spared utilizing a similar client record. The client vault operates payments through a safe payment gateway and followed by all PCI compliance Security Council rules.
PAYMETA can store your customer's card details in our secure vault. On their next checkout, customers no longer need to re-enter the card details and can enjoy a more seamless experience. All credit card information is handled through inscribed payment gateway captures, channels and approvals, refunds and settlements are overseen remotely without putting away any cardholder information locally.
Basically — tokenization is a fraud-prevention technology intended to secure sensitive payment credentials, such as:
Cardholder initiates transaction and enters their sensitive credit card data.
Credit card information goes to the merchant acquiring bank in the form of a token.
Acquirer transmits the token to the credit card networks for authorization.
When approved, the client's information is being put away in the banks made sure about virtual vaults and the token gets coordinated to the client's record number.
The bank further verifies the funds and allows or declines the transaction.
On the off chance that the approval is fruitful, a one of a kind token is then come back to the vendor for current and future exchanges.
On the whole,using a PAYMETA Virtual POS system to supplement your regular POS lets you increase your sales and build new customer relationships beyond the confines of your location, which in turn spurs growth and provides new opportunities to expand your business.
