paySmart® Token Service Provider (TSP), the paySmart® tokenization service, is an API for Issuers that enables to tokenize and detokenize cards and control the tokenized cards life cycle.
TSP ENABLES TO:
- Generate and validate tokens in a very simple and safe way
- Monitor, automatically, the lifecycle of generated tokens
- Retrieve information about the current status of the token (attributes)
- Deactivate, cancel, or reactivate a token
Generate and validate temporary card numbers to use on NFC (Near Field Communication) or QR Codes
Generate and validate dynamic virtual card numbers (which change for each transaction or group of transactions) to use in e-commerce
Generate and validate tokens system of frequent purchases “Card on File”
Like other paySmart® services, TSP is offered via monthly fee, which varies based on the number of active devices (cards/cell phones). It does not matter the values, transaction quantities or quantity of operated tokens.
Tokenization technology is an important weapon in the fight against cybercriminals, especially in recognised vulnerable environments such as cell phones or e-commerce. The use of tokenized virtual cards in e-commerce, for example, can drastically reduce non-card transaction (CNP) fraud.
TSP paySmart has simple APIs and is easy to implement. With less calls it is possible to tokenize a physical card on a virtual card and validate transactions with a tokenised card. All the control of the lifecycle of the tokens generated is done by the TSP, which simplifies what needs to be developed by the Issuer.
TSP paySmart® can also be used ate the same time with paySmart® Mobile Token Vault (mTV), Software Development Kit (SDK) for Android ™ and iOS ™ that makes it easy for Issuers to incorporate security features into their own mobile applications. These libraries implement a group of security mechanisms on the client’s phone that prevent users’ security credentials from being compromised by cybercriminals.
How it works