Accumulating customer credit and debit card numbers “in the clear” would allow merchants and enterprises face up with the huge potential for hacking and fraud. However, to enable recurring and subscription payments, the reality plays an important role in the processing system. World Payment provides a common tokenization vault which eliminate payment information from vendor’s network.
All essentially sensitive customer’s data would be replaced with a unique identifier or token that cannot be mathematically reversed. The actual payment data is securely stored in data centers which are operated by Visa Inc. Generally, the last four digits of the card will be retained by the token as a means of accurately matching the token to the payment card owner, enabling vendor to run its operations without card data in business environment.