Paysafe provides merchants with the relevant tools and services to detect and prevent fraud
Through tokenization, credit card numbers are replaced with a randomly generated series of numbers and letters called “tokens,” which cannot be used to make fraudulent purchases.
The benefits of tokenization
- Reduces the risk of card data breach since in transactions you will submit a token instead of a PAN
- Reduces the scope of PCI compliance, since you are not using real card numbers
- Quick to implement, since you don’t need to invest in expensive encryption; store tokens which can easily be replaced in the event of a breach