Network Tokenization: Why it Matters
Lower fraud, increase authorization rates, and at the same time lower your costs. Take advantage of the benefits of Network Tokenization!
Save 10bps on Visa Card Transactions!
The Visa savings applies to most consumer credit card types and MCCs. At scale these savings can translate directly into increased profits. Other card brands are also available for Network Tokenization but at this time offer no extra savings incentive. All card brands provide benefits for fraud and auth rates.
Increased Authorization Rates
Network tokens don’t expire and will remain valid even if the card number changes or expires. This reduces the number of charges declined due to outdated credentials, particularly on frequently used cards with subscriptions.
Fraud Reduction
Using Tokenization over raw PAN data greatly reduces overall fraud rates, which often the Merchant or the Vertical SaaS platform incurs the liability. Visa estimates a 28% overall decrease in fraud with the use of Network Tokenization!
