Tokenization is a technology used to protect sensitive data by replacing them with a unique combination of letters and/or numbers. This combination contains sufficient information to recover the original data in a protected environment. Thus it is possible to grant only authorised users access to these sensitive data. When these are moreover unique per account, obtaining the token will not be sufficient to use it for other accounts.
At Buckaroo, Tokenization can be used for payment methods that support recurring payments, such as:
The solution to be able to support this is based on a token, also called a key:
Important: The payment can be reversed by the owner of the card or the bank account number, because the payer is not involved in the recurring payment. The Merchant can dispute this by submitting the administration of the services provided. The payment can also be protected with Buckaroo Credit Management.