Magensa TokenExchange Service
The Magensa TokenExchange supports three types of tokens to best match your business needs: Payment Tokens, Transaction Tokens, and PII Tokens.
Payment Tokens and TokenExchange Connect
Transaction Tokens facilitate e-invoices or payment requests leveraging patent-pending token technology. Sensitive merchant credentials, transaction details, and branding information are converted into a secure token with a URL payment page. Hosted by the Magensa Payment Protection Gateway, the URL is available via email, SMS, or converted into a displayed or printed QR Code. The target consumer simply clicks or scans the token to launch a custom branded secure payment page. TransactionTokens enable numerous remote and touch-free payment solutions.
PII (Personally Identifiable Information) Tokens
Payment card data is just one example of sensitive data known as PII. Examples include: SS#, birth date, contact details, driver’s license number, insurance, healthcare, and financial account info. Magensa PII Tokens cryptographically protect sensitive information and replace it in company files and databases. While it is tokenized, it is unrecognizable and of zero value if compromised. The data is only accessible after the token is securely redeemed.
Magensa’s TokenExchange is a cloud service operating in a PCI-DSS certified environment. TokenExchange is accessed via REST APIs.
Security and Key Management
Magensa’s encrypted tokens stand up to the most modern attacks and are resilient to quantum computer hacking techniques. Tokens are created by leveraging symmetric AES/3DES key encryption within a hardware security module (HSM) using a derived unique key per transaction (DUKPT) key management scheme.
Dynamic tokenization means a unique token is generated using a unique encryption key for each token created, which is more secure than using a static token.
Unique, Vaultless Solution
Magensa’s Tokenization Service is vaultless. The customer maintains control (custodianship) of the data as an encrypted token without the worry or access to encryption keys; greatly reducing financial and reputational risk associated with a data breach.
Central to Magensa’s payment gateway services is the ability to deliver touch-free solutions on location, mobile, or on-line.
Security through dynamic encryption and tokenization, a PCI-DSS infrastructure, and omni-channel support to initiate and complete payments are at the heart of our touch-free platform.
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|Compatible OS||Windows, iOS, Android|
|Compatible Devices||Secure card reader authenticators|