Acculynk incorporates tokenization to its PIN Pad

Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term capabilities aimed to assist Acculynk’s merchants with PCI requirements.

As an additional product of its PaySecure online PIN Pad for debit card transactions, the patented facility has been upgraded in order to help e-commerce merchants in their PCI Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term needs. With tokenization, the merchant does not receive the debit number but a token (encrypted code) instead. Through this process, an element of PCI compliance is achieved by the merchant who no longer is burdened with the storage of sensitive data.

According to John Beisner, SVP for Client Services, Acculynk: “The integration effort for a Java Script based tokenized solution costs less and takes less time for the client to implement than annual PCI compliance…merchants can have tokenization plus the lower fraud and chargebacks associated with our secure Internet PIN Debit solution.”