Tokenisation

Substitute customer's bank card number with a digital token.

Tokenisation

Substitute customer's bank card number with a digital token.

It's simple

Tokenisation is an easy process that will allow you to link your customers' bank card details with a digital token. No additional configuration is required and it will simplify future purchases as entering bank card details will be avoided, which will pace up the purchasing process.

It's fast

Customers' bank card can be tokenised during their purchase, thus it does not take any additional time or effort. Once tokenised the bank card will remain tokenised until the customer changes the bank card, or decides no longer tokenise it.

It's safe

Customers' bank card details are securely linked with a digital token that is encrypted. Moreover, a customer always has a choice not to tokenise their bank card details or stop tokenising it during a subsequent purchase.

Features

Available in multiple currencies;
Comply with International Security Standard;
Applicable to Visa, Mastercard, and Amex card holders;
Improves user experience by saving time to complete the transaction.

You run an online business that sells services to your customers and you would want to make payment for your customers as seamless as possible. With tokenisation, your customer's card details will be stored in a secured token. Once tokenised, your customers will not need to re-enter their card information for the future or repeated purchases. This will then result in a better customer experience and higher sales conversion.

Merchant Tokenisation

Merchant can store customers' bank card details by a generated token. Merchant is then entitled to send the token together with the amount to iPay88, which will be deducted from customer's account, without entering any additional codes.

Consumer Tokenisation

Customer has a choice to save bank card 16 digit number and expiry date to ensure a smoother future payment. In the future only security vault password, CVV and OTP will be required to complete the transaction.

Merchant Tokenisation

Registration

Customer checkout from merchant website, customer select save credit card, merchant would require to pass a save card identifier to iPay88
Customer input credit card information at iPay88 payment landing page
The transaction sent to bank for payment authentication with credit card one time password (OTP)
Bank return payment authentication status
Upon payment successful, iPay88 will store the credit card info and return tokenID to merchant
Merchant to store the Token ID and tag with the customer account

* Merchant require to perform integration with iPay88 to use merchant tokenization

Merchant Tokenisation

Subsequent payment trigger by merchant (Batch file)

Merchant System will submit the Token ID and amount to charge customer Credit Card base on the usage at certain period (exp: monthly bill) using batch file upload to iPay88 SFTP server
iPay88 retrieve the Credit card information based on Token ID and send the batch file to bank for processing
Bank return the batch response file with transaction status
iPay88 to return the batch response file with transaction status to merchant, iPay88 also send backendpost merchant and email notification to both merchant and customer upon receiving payment successful status from bank

Merchant Tokenisation

Subsequent payment trigger by customer

Customer login and shop in merchant website and checkout, merchant will show the available saved credit card (last four digit) to the customer, merchant require to request CVV input from customer when customer select to pay using the saved credit card
Merchant pass the token ID and CVV to iPay88
iPay88 will send the transaction to bank for payment authentication with credit card one time password (OTP)
Bank return the payment status to iPay88
iPay88 redirect the payment response to merchant. iPay88 will send backendpost and email notification to both merchant and customer upon payment successful
Merchant update payment status to customer

Consumer Tokenization

Registration

Customer checkout from merchant website
Customer input credit card information at iPay88 payment landing page and select “Save my credit card for future purchase”
The transaction sent to bank for payment authentication with credit card one time password (OTP)Bank return payment authentication status
Upon payment successful, iPay88 will store the credit card tag with customer email address with a password input by customer

* Merchant require to perform integration with iPay88 to use merchant tokenisation

* Customer need to perform registration once, the saved credit card can be use in all merchants in iPay88

Consumer Tokenization

Subsequent payment

Customer login and shop in merchant website and checkout
Merchant redirect customer to iPay88 payment page
When iPay88 detected the customer stored credit card, iPay88 will show the available list of credit cards. Customer to choose a credit card and enter password to proceed. Customer also has an option to choose to pay with a new credit card
Bank return the payment status to iPay88
iPay88 redirect the payment response to merchant. iPay88 will send backendpost and email notification to both merchant and customer upon payment successful
Merchant update payment status to customer