onionpay (1)

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• Signage has grown from limited management to a
  few experts using specific software to the
  ultimate key to improving customer satisfaction
  using Indian payment aggregators. At OnionPay, we
  are extremely appreciative of these innovative
  solutions. So, this article will try to explain
  the concept of tokenization and its basic
  benefits in relation with India payment
  aggregator. Let's find out.

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• What exactly is tokenization?
• Tokenization is an extremely secure method for
  storing data about payment methods, such as
  credit card information. Eventually, a credit
  card is inserted into the system and the system
  generates a token as compensation. The token
  serves as a signal to remove the card from the
  system if necessary but is not connected to the
  actual card. Therefore, the signal does not allow
  access to the card data without going through the
  signaling process.

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• In simpler terms, imagine the signaling process
  as a book. If your card is given to you, it will
  be stored on a random page.Alternatively, you
  will be given the page number to locate the map.
  Then, when you are ready to use this map, enter
  the page number and the book will give you the
  map. Once this procedure is applied, anyone with
  access to that number cannot access the card
  without first checking the book.
• If we apply this concept to real life and apply
  it to real life, we can see the benefits. For
  example, consider a website that sells specific
  products and offers recurring delivery. When
  customers buy something on the site, they present
  their credit card, but to make recurring
  purchases (such as sending certain cosmetics on
  the first day of the month, for example), the
  site must retain the information. to complete a
  transaction Monthly fee.

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• Assume that the card information is not stored
  correctly. In this case, it can be accessed by
  unauthorized persons or even certain types of
  criminals, which can cause inconvenience to the
  customer and a major problem for the merchant. To
  solve this problem most effectively, we recommend
  tokenization.
• When someone presents his card, the Indian
  payment aggregator collects the data and forwards
  them to the signaling system, which sends that
  signal back to the site to handle the
  transaction. The website will store the token,
  together with the information submitted during
  the registration process.

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• If the website owner is required to charge the
  customer a fee in the future, he only needs to
  pay the authorized amount and token directly to
  the platform. This platform then sends an
  authorization to the signaling system that
  receives the card information and completes the
  transaction on behalf of the site.
• This way, the website does not need to keep the
  actual card information to process payments, and
  the payment process will be limited to the
  exchange with the tokenization platform and its
  payment system, two components that stand out
  from its higher levels of security.

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