PCI Compliant Card Vaulting

The IXOPAY Card Vault provides you with an independent means of storing and tokenizing your customers’ payment data. Our PCI-DSS Level 1 and GDPR-compliant solution offers you more flexibility, reliability and the highest degree of independence from your payment service providers.

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

On-demand payments (e.g. 1-click checkout) have long been established in the world of eCommerce. Customers are offered the option of storing their payment data, such as credit card and bank details (card on file), making it much quicker and easier to complete subsequent purchases. 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. 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 concerns associated with storing sensitive data yourself. Later 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 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. You are then equipped to deal with any eventuality, regardless of the payment service providers you will work with in the future, and put yourself in a stronger position when negotiating with your current PSPs.

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