PCI Compliant Card Vaulting

Our enterprise payment platform IXOPAY is PCI 3DS certified and equipped with a PCI-DSS Level 1 compliant card vault that is in line with state-of-the-art GDPR data security requirements. IXOPAY's card vault allows you to store and tokenize your customers' payment data, ultimately granting you the highest degree of freedom from acquirers and payment service providers (PSPs). 

Choose IXOPAY as your global payments solution to ensure you comply fully with financial regulations and to give you a strong hand during negotiations with PSPs. IXOPAY was first released in 2014. Since then, enterprise merchants and white label clients have relied on IXOPAY to manage transactions and depict the entire lifecycle of online payments.

Card-On-File, On-Demand & Recurring Payments

The 1-click checkout has long been established in the world of eCommerce. By storing customers' payment data, e.g. credit card and bank details, the checkout process is streamlined and made much easier for return customers. This has a positive effect on conversion rates and customer retention, and also makes it possible to handle recurring payments (which also benefits our IXOPLAN platform).

Tokenizing Payment Methods

To ensure that sensitive payment data is stored securely, strict regulations need to be met and a PCI-DSS Level 1 certified environment is a prerequisite for processing credit card transactions. As putting this infrastructure in place is a costly and complex undertaking, many eCommerce businesses rely on their payment service providers to store this data. This process is known as tokenization: credit card data is stored in encrypted form by your payment service provider and identified by means of a token that you can then store on your eCommerce platform, freeing you from the need to securely store sensitive payment data yourself. Subsequent transactions are then completed using the token, without the customer having to enter their payment details again.

Avoid Provider Lock-in

What happens if you want to switch payment service providers or your existing contract is terminated unexpectedly? You have two options in that case: ask the PSP to transfer your customer data to a new service provider, which is costly and involves significant time and effort; or ask your customers to re-enter their payment data, which normally leads to a loss of trust and has a negative impact on your conversion rate. Tokenization thus results in a strong lock-in effect.

The solution is to store your customers’ payment data in an independent platform: IXOPAY. Tokenized payment instruments stored in IXOPAY can be used to process transactions va any PSP that is connected to IXOPAY. This puts you in a much stronger negotiating position vis-a-vis your current PSPs, as switching to an alternative PSP is no longer prohibitively expensive, but simply a matter of rerouting payments to an alternative provider in a matter of minutes.

Dual Vaulting

What can you do if you already have a relationship with a payment management platform or acquirer but would like more flexibility and connectivity? You can use IXOPAY in tandem with other static providers such as Spreedly, ACI, and more, as well as with your acquirer. This gives you dual vaulting capabilities and increases your payment coverage without needing to end your contract with your existing provider.

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