Payment Processing
Credit Card Secure Profiles
PTC provides tokenization of Primary Account Numbers (PAN) to facilitate the safe handling of sensitive financial data and to bring processing practices into PCI compliance. Tokenization involves removing PAN numerical data and assigning a profile or token that functions as a safe equivalent to vulnerable account information. The token permits organizations to store donor profiles and process transactions without the risk of a security breach.
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Tokenization for Data Protection
When a donor's credit card information is collected during a transaction, PTC applies a process called tokenization. This involves removing the numerical data of the Primary Account Number (PAN), which is the sensitive credit card information. Instead of keeping the actual PAN, PTC assigns a unique profile or token to represent the donor's credit card data.
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Safe Equivalents for Vulnerable Data
The generated token serves as a secure equivalent to the original PAN. It does not contain any sensitive information, making it safe to store and handle. Even if this token were to be compromised, it cannot be used to retrieve the original credit card details, ensuring the donor's data remains protected.
Storing Donor Profiles
With the token in place, organizations can securely store donor profiles without exposing sensitive credit card information. These profiles contain the necessary data to facilitate future transactions, such as recurring donations or refunds, without risking a security breach.
Maintaining PCI Compliance
Tokenization plays a crucial role in achieving PCI compliance, which is essential for organizations that process credit card payments. By adopting this method, organizations adhere to the stringent security standards set by PCI DSS, reducing the risk of data breaches and enhancing overall data security.