Updated July 2023
Security is an essential part of taking payments. Your payment communication software should take precautions with the sensitive information they help you manage. Otherwise, they aren’t looking out for you or your consumers.
Encryption and data tokenization are essential steps to protect credit card and bank account numbers from being improperly handled. PDCflow uses both encryption and tokenization of data to manage sensitive consumer information. Doing so reduces your company’s risk and creates a safer environment for your customers to make payments.
Encryption vs Tokenization
Encryption is a process that encodes regular data, which makes it more secure when being stored or transmitted. In the business of taking payments, the data being encrypted – consumer payment information – is especially sensitive.
PDCflow captures bank account or credit card data through our Secure Entry Overlay technology. Then, data is entered into our PCI- and Nacha-compliant, secure server. Using our encryption algorithms, the data is securely masked as a token and stored in our token vault.
What is Data Tokenization?
Data tokenization is the process of replacing sensitive data with a “token.” Payment tokens are randomly generated strings of numbers that are placeholders for real information. During PDCflow’s payment tokenization, we generate unique, random data tokens to be used in place of a card number or bank account number through the rest of our system.
This token has no relation to the original number. This means a payment token can be used or shown without compromising the original sensitive data. This process acts as a digital payment security measure, enhancing the fraud protection in your payment workflow.
PDCflow and Data Tokenization
Secure Entry Overlay
Why is Data Security Important for Businesses?
Payment Compliance Requirements
Of course, every business that takes payments needs to have safeguards in place for consumers. PCI and Nacha compliance measures are often beyond the scope and budget of most companies.
PDCflow’s payment software maintains these features to limit the scope of your payment compliance responsibility, providing the security your office needs without the burden of in-house development work.
Flow Technology for Added Payment Security
Using PDCflow’s Flow Technology allows agents to collect payments over the phone without ever seeing credit card or bank account information. Consumers can key in their own data while still on the phone with your office. Empowering consumers to make payments in a secure digital environment keeps them safe and inspires confidence in your business.
PDCflow’s Secure Entry Overlay and Flow Technology protect your business by:
- reducing the scope of your PCI compliance responsibility
- lowering compliance costs
- minimizing the risk of data breaches
Do you need payment processing software that can simplify communication and make it faster for customers to pay? For more information on PDCflow’s Flow Technology and secure payment options, request a call with a Payment Expert today.