Tokenization through Custom Form
Do you know how the power of tokenization via custom forms is? Read on to get the simple explanation and learn what are tokens, what is tokenization and what do they allow you to do within your payment solution.
In our previous video, we talked extensively about Custom Forms and how to set that up within SecurionPay. Please check out the corresponding link for more details about that.
You have a customer there on your website or application. They put in the relevant card details into the Custom Form, they click on ‘Pay’ and that information is sent to SecurionPay. At SecurionPay we tokenize that information and provide you a token.
But what is a token?
Well, in the card payment industry, tokenization or tokens protect sensitive cardholder data in order to comply with industry standards and government regulations. Tokenization replaces the card data and secures it with randomly generated tokens.
In other words, tokens must be exchanged for something else, they’re temporary which means they only last for a period of time, they’re securely stored and they’re very easy to create.
So now you know what a token is.
What can you do with the token?
Well, within SecurionPay’s API we provide you a public and a secret key. The public key can be accessed via web browser application and mobile device and it’s used to create the tokens. The secret key is simply used for all the backend stuff.
Now that you have your token, what do you do with it?
Well, there are two things that you can do. You can create a customer or make a charge.
When you create a customer, the relevant card date data and details are saved with that associated customer for an infinite period of time. Later on, you can make charges or create subscriptions very easily, thanks to the customer, or you can create a charge. With the charge, you make a one-time financial transaction.
Therefore, in summary, a customer puts in the relevant card details into the Custom Form. They click on ‘Pay’, that information is sent to SecurionPay, which tokenizes it. We provide you with the token, and with a token you can do two things:
- You can make a charge or
- Create a customer which saves the card details with that customer and then you can make future charges and subscriptions.
That’s it for today, thanks for watching.
If you want to find out more information, check out SecurionPay, follow us on Social Media and, most importantly, enjoy the rest of your day!