Worldline, the European leader in payments and transactional services, has launched a ‘Tokenisation solution’ in India to enable businesses to comply with the Reserve Bank of India’s (RBI) latest guidelines on online card data storage. This Tokenisation solution has been built in partnership with major card networks including Visa, Mastercard and RuPay along with leading issuing banks.
This will be a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration. Businesses will be able to enable the feature with minimal technical upgrades and continue to offer seamless payment experience to their customers in compliance with the latest guidelines, the company said in a statement.
Jagdish Kumar, VP – Products & Solution, Digital Commerce, Worldline India, said, “The service offers a holistic solution that would cover token provisioning along with tokenised transaction processing. It offers complete coverage for merchants, as it is integrated with all payment networks and issuers directly. Merchants can provision, manage tokens and customer’s consent from a single interface.”
Some of the key advantages include:
Highest coverage across payment networks and issuing banks: Apart from partnering with major card networks, this solution supports the issuance and management of both issuer and network tokens under a single interface.
A single solution connecting with major networks: It is a single solution that connects to different networks viz. Visa, Mastercard, RuPay and Amex (in pipeline). A full-stack solution with token provisioning and authorisation support with very few modification/development efforts in existing integration. The solution comes with both immediate/one-time payments and recurring payments (SI on cards) support.
Future-ready solution: The solution fully compliant to the new COF guidelines (card-on-file); and will ensure highest degree of data security and protection. It will also ensure continuity for business growth without a glitch, making business secure and future-ready.