What is Tokenization and why should I care?

Tokenization describes the process of replacing sensitive data with unique identification symbols that retain all the essential information about the data. This process creates a method to pass the data without compromising security. The data handled by a merchant is subsequently far less vulnerable in the event of a breach because tokenized data is useless to a thief.

Even with ongoing efforts to comply with the PCI Payment Card Industry Data Security Standard (PCI DSS) guidelines, merchants continue to experience vulnerabilities and costly breaches. This is giving rise to solutions such as tokenization.

Nexio tokenization is implemented in a Cloud Security Platform which provides a multi-tenancy SaaS, designed for high-security and maximum computing resource efficiency. Because we are also fully compliant with the PCI DSS, Nexio tokenization provides significant risk reduction with a merchant’s client’s sensitive data and sales losses from downtime.