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Token Vault
Card Tokenization
SolutionProcess your customers' saved card payments securely while being RBI compliant. Token Vault is India's first interoperable card tokenization solution.
Supports all major card types:
Credit cards
Debit cards
Prepaid cards
Corporate cards
Supports all major card networks
What is card tokenization?
As per RBI guidelines, with effect from 1st October, 2022, neither businesses nor payment aggregators can save customer card details on their platforms. The card details can only be saved by the card networks or issuing banks.
Card tokenization is the process of replacing sensitive card information like card number, card expiry with a cryptographically generated random string, referred to as the card token.
Once a card is tokenized, the generated card token can be used for processing payments as a substitute to card details, thus eliminating risk of loss of sensitive card information while making card payments.
Why Token Vault?
Interoperable card tokenization solution
Token Vault is India’s first interoperable card tokenization solution. If you are using multiple payment gateway platforms, you can use Token Vault as a single integration to process card payments across multiple payment gateways or card networks.
Certified token requestor
Cashfree Payments is a fully certified and compliant Token requestor. We support credit card tokenization, debit card tokenization and help you process cards issued by all leading card networks.
Zero manual intervention
Token Vault comes auto-enabled for merchants on standard checkout flow. Merchants on seamless flow can integrate Token Vault API with their platform with a minimal integration effort. Once integrated, Cashfree Payments takes care of both saved card function and processing payments.
Faster and secure checkout experience, guaranteed
Cashfree Payments has an ecosystem of 16mn+ saved cards that readily helps you in providing a faster checkout experience to your customers. Your customers can simply select the saved card and pay directly just by entering the CVV of the card.
Read our comprehensive guide on Tokenization for payments.
Learn morecard tokenization
Have questions on the latest RBI guideline on Card on file Tokenization and how it will affect your customer transactions? Watch our detailed discussion or read through our comprehensive knowledgebase to learn more about card tokenization.
Fireside Chat - Mastercard & Cashfree Payments
Watch this fireside chat to understand how Card Tokenization can help your business stay RBI compliant.
FEATURING
Ravi Varma Datla
VP Digital Products, MasterCard - South Asia
Get all your questions answered!
Check-out our comprehensive guide on how Card-on-file Tokenization works and how Cashfree Payments can help you stay RBI-compliant!
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