Payment Tokens Set to Eliminate Ecommerce Compliance ChallengeBy Sage Pay, PRNE
Monday, January 31, 2011
Sage Pay's New Payment Technology Accessible to Business of All Sizes
LONDON, February 1, 2011 - Sage Pay, the UK's leading independent payment service provider (PSP),
today officially launches a simple and secure way of processing transactions
that reduces the burden of compliance for online merchants. Using Sage Pay's
Token System, e-tailers can now offer a fast, single-click payment process
for customers, without actually storing or transmitting personal information
such as credit card details.
This new bolt-on to the payment gateway gives merchants the ability to
convert credit card numbers - which are given directly to Sage Pay by online
shoppers and stored within Sage Pay's secure servers - into a token or card
number 'alias'. Tokens can then be safely stored by the merchant and are used
to process transactions as and when required, which makes it easier for
merchants to become Payment Card Industry Data Security Standard (PCI DSS)
The Token System also removes the need for returning customers to
re-enter card details, whilst fully supporting the 3D Secure and CV2 re-entry
process. Sage Pay believes this functionality will help e-tailers
dramatically improve the overall customer experience and drive customer
loyalty, without compromising security. Previously targeted at the large
enterprise market, Sage Pay is the first PSP to offer this type of technology
to businesses of all sizes.
Mat Peck, Sage Pay's Head of Research and Development, comments: "For
years now, PCI DSS has presented a real challenge for online merchants and
retailers, as they attempt to balance the complexities of providing an easy
to use and inherently positive user experience, with the limitations imposed
by strict regulation. Now we can help them do both, and at a relatively low
cost to their business."
Sage Pay partner Sanderson Multi-Channel Solutions Ltd has integrated
Tokenisation with their customers and been impressed with the system. Ian
Newcombe, Managing Director of Sanderson, says, "We have recently integrated
Sage Pay's Token system for a number of our customers, both large and small.
For them, using Tokenisation removes some of the key pressure points for
retailers, in particular PCI compliance - which can be a burden due to the
high cost for businesses in terms of finance and resource."
Sage Pay's Token system will also support e-tailers ability to attract
loyal customers by providing a, with a new single click payment process
allowing customers to revisit a merchant's website time and again without
having to re-enter card details.
After months of development and BETA testing, this service is now
available to businesses of all sizes and for merchants using Sage Pay's API
solution, the opportunity to customise the payment pages and the payment
process are endless.
Gian Luzio, Managing Director of online DVD and game retailer Bee.com,
says of the innovative system: "The Token system provides us with a highly
secure and efficient way to store customer details, providing peace-of-mind
to our customers. It is crucial that we encourage customers to return to our
online store and by speeding up the payment process for them, Sage Pay has
helped us facilitate this. By getting rid of the need for customers to have
to enter delivery and card details again and again, we've seen a very high
repeat purchase rate."
Sage Pay's Research and Development team have already started work on the
next generation of their Token System too, as Mat explains:
"We've had so much interest in the Token System and some really positive
feedback from our group of BETA testers that we're already developing a
second phase of enhancements. Token will also form the basis of some exciting
new innovations planned throughout 2011."
Sage Pay's Token System is available for use with Sage Pay Go with Server
or Direct integration.
In conjunction with the release of Token System, Sage Pay is offering
customers 1 month's free use of the Token system (up to 1000 stored tokens)
to any customer who goes live with the system during February 2011.
Sign up to your free Token trial or get more information (
About Sage Pay
Sage Pay is a division of FTSE 100 business software company Sage. It is
the UK's fastest growing independent payment service provider (PSP) and is
one of the most trusted e-commerce brands. Sage Pay processes millions of
secure payments for its 32,000 customers each year and makes the process of
accepting payments simpler, faster, safer and more profitable for businesses
of all sizes. For more information, please visit www.sagepay.com
About PCI DSS
PCI DSS is a set of guidelines that provide businesses with a framework
to ensure best practice when handling sensitive card data. Sage Pay is level
1 compliant (the highest level).
For more information, please visit www.pcisecuritystandars.org
Bee.com is part of MBL Group PLC, a multi-channel distributor of home
entertainment products. Bee.com differentiates itself from competitors by
focusing on entertainment and leisure only and pioneering free delivery and
free returns on DVDs, Music and Games on the internet.
For more information please visit www.bee.com and
Sanderson is a publicly owned UK provider of software and IT services. We
offer a comprehensive range of IT solutions and services for the
multi-channel retail sector and as the software author we retain control of
the development of our marketing leading solutions.
Elucid from Sanderson is the complete multi-channel software solution for
multi-channel and online retailers. Elucid can help to increase order values,
order frequency, customer satisfaction, quality of service, response times
and the growth of your most profitable customers. It provides multiple sales
platforms integrated to powerful back office functionality.
For more information, please visit www.sanderson.com/elucid
For more information, please contact: Harry Ronaldson, Email: harry.ronaldson at marlinpr.com Tel: +44(0)207-869-8304, Amy Monro, Email: amy.monro at sagepay.com, Tel: +44(0)7595-607-556
Tags: February 1, London, Sage Pay, United Kingdom