Cashfree Payments, a facilitator of online payments, declared that their card tokenization solution, Token Vault, will support interoperability. Businesses that utilise several payment gateways can benefit from Token Vault‘s interoperability functionality, which enables them to process tokenized card transactions through any payment gateway and card network of their choice.
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KEY POINTS:
Card tokenization is the process of switching out sensitive card data, such as the card number, expiration date, and CVV, with tokens, cryptograms, and data that cannot be linked back to the original card details. This removes the possibility of losing private card information while using a card to make a purchase.
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