- Platform tokenization: Your payment provider creates and stores tokens.
- Network tokenization: Card networks like Visa and Mastercard create tokens directly.
Platform tokenization
Platform tokenization is enabled by default. When a customer makes a payment, your payment provider replaces their card details with a randomly generated string of characters called a token. FunnelFox Billing processes only this token, never the actual payment details. This approach significantly reduces the risk of card data breaches and enhances overall payment security by minimizing exposure of sensitive debit or credit card data.Network tokenization
Network tokenization is disabled by default. Network tokens provide enhanced security and sometimes increase payment acceptance rates. Card networks like Visa or Mastercard issue network tokens that replace the traditional payment details with a unique, secure identifier. Unlike platform tokens, network tokens are directly linked to a customer’s account rather than just the card number. For example, if a customer’s card expires or gets replaced due to loss, the network token adjusts to reflect the new card details automatically. This means you can continue charging customers even after their original card has expired.Enable network tokenization
To enable network tokens, contact your Solution Manager with the following information:- Contact email
- Website URL
- Registration number and VAT
- Company legal name
- Brand name
- Registered country code and city