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Tips for transaction lifecycle management and tokenization
Network Tokens
MORE APPROVALS. LESS EXPOSURE.
Effortlessly integrate network tokens to supercharge acceptance rates, improve payment data security, and optimize scheme fees.
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Keep your payments moving forward
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Maximize revenue
Increase acceptance rates, cut scheme fees, and minimize costs with issuer-recognized network tokens.
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Protect payment flows
Strengthen payment security, reduce false-declines, and increase the performance of your payments.
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Flexible token management
Set and forget with network tokens managed by us, or take control with our merchant-managed service.
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Effortless payments
Offer customers a smooth-flowing payment experience with automatic card updates and one-click payments.
Tokenizing payments globally
We’re committed to helping global merchants increase their acceptance rates through the adoption of network tokens.
*For the best results, we recommend using Intelligent Acceptance. Merchants managing their network tokens can achieve these rates by implementing their own optimization strategy.
case study
We’ve had really positive feedback from our merchants on Network Tokens. Approval rates and reducing fraud are top of mind for them, both of which Network Tokens do successfully.
Leave no PAN behind
Network tokens generated by card schemes replace the cardholder's Primary Account Number (PAN) throughout the payment flow.
Payment tokenization supports online transaction security, even in the event of a data breach.
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Flexible token management
Choose a network token management solution that fits your payment strategy, requires minimal effort to integrate, and adapts to network changes.
Managed by us
We manage the entire lifecycle as your network token service provider, so you can focus on your core business with Checkout.com managing:
- Asynchronous and synchronous provisioning
- Secure vaulting
- Token updates
- Optimizations
Managed by you
We will soon offer network tokens compatible across PSPs, making it perfect for an open ecosystem, with your team managing:
- Provisioning and updates
- Vaulting options
- Optimization management
- PSP routing
Continuous revenue optimization
Maximize your revenue with higher authorization rates, lower interchange fees, and frictionless payments.
Push payment performance
Enhance your payment ecosystem's performance by increasing your payment acceptance rate, lowering scheme fees, and enabling optimization options.
- Issuers have more visibility and confidence in approving transactions
- Tokenized transactions benefit from lower interchange fees*
- False declines are reduced with network token vs PAN logic
Securely store cards on file
Keep the security of cardholder data a priority while focusing on your primary operations. Store network tokens and source IDs in Checkout.com's Vault to save on audit costs and effort.
- PCI DSS compliant
- Lifecycle management
- Fully regulated
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Frictionless online payments
Once payment credentials are stored and tokenized, offer a smooth online payment experience to maximize sales.
- Payment tokens stay current to avoid involuntary churn
- Reduce authentication steps with lower SCA requirements
- Quicker payments with stored credentials
- Simplify order amends with a hassle-free process
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case study
Since going live with network tokenization with Checkout.com, the Financial Times has seen an overall increase of 1.5% on tokenized transactions. This has not only enhanced their success rate but has led to an enhanced user journey, removing pain points such as out-of-date credentials.
Keep payments flowing while protecting cardholder data
Lift performance automatically
Intelligent Acceptance is an additional performance layer that unlocks more revenue and cost savings for your business.
Using AI and the power of global network data, Intelligent Acceptance optimizes Network Tokens to their full potential, increasing authorization rates and reducing declined transactions.
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Frequently asked questions
What is the difference between a PCI token and a network token?
The key difference between network tokenization and PCI tokenization is that the card scheme issues the network token, not the acquirer or payment service provider. This makes network tokens interoperable across the entire payment ecosystem, and for a broader range of use cases.
How are network tokens generated?
Network tokens are generated through a process called tokenization, which involves replacing sensitive payment card information with a unique, non-sensitive identifier. Network tokens are generated automatically and in real-time by the card schemes as customers use their cards.
Do network tokens improve authorization rates?
As card details are automatically updated by the card scheme, and fewer accounts are suspended due to fraudulent activity, the number of declines caused by fraud and out of date credentials is significantly reduced, which results in increased authorization rates.
How can network tokens protect cardholder data in the future?
The future of network tokens goes beyond PAN tokenization. Expect data shared in payment processing and card schemes to be fully tokenized for maximum security of cardholder information in the future.
Can merchants benefit from Network Tokens through Intelligent Acceptance?
Merchants paying for Intelligent Acceptance can leverage Network Tokens without any integration required. Intelligent Acceptance only utilizes Network Tokens if the issuer supports them and either the predicted cost is lower or the chance of success is higher than PAN credentials.
Ready to increase your revenue and security with network tokenization?