Tokenisation

transaction-banner

With Oxygen8 tokenisation solution, merchants can improve data security and simplify PCI compliance for credit card payments. Through tokenisation, credit card numbers are replaced with a randomly generated series of numbers called “tokens,” which are of little use to hackers as they cannot be used to make fraudulent purchases.

With Oxygen8 tokenisation solution, merchants can improve data security and simplify PCI compliance for credit card payments. Through tokenisation, credit card numbers are replaced with a randomly generated series of numbers called “tokens,” which are of little use to hackers as they cannot be used to make fraudulent purchases.

How It Works

When a transaction is processed a token is automatically generated and returned to the merchant for future reference. This token is associated to the credit card number used during the transaction. For subsequent transactions, the merchant can process a new transaction by referencing the token and Oxygen8 Pay gateway will process the charge on the credit card associated to the token.

ivr-flow

The gateway stores the actual credit card data in a Level 1 compliant environment for processing but only displays the token for anyone accessing the Oxygen8 Pay web portal to view the transaction details.

Every payment processing function previously operated by the merchant on a credit card number can now be performed using the token information such as initiating a recurring payment or issuing a refund.

Oxygen8 Australia